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Goldman Sachs raises $7 billion for new private equity fund -sources


By Olivia Oran(Reuters) - Goldman Sachs Group Inc has raised around $7 billion for its new private equity fund, near the top of its targeted goal, according to two people familiar with the matter.The Wall Street firm, which was seeking to raise $5 billion to $8 billion for its first buyouts fund since the 2008 financial crisis, is expected to close the fund in the coming weeks.Called West Street Capital Partners, the fund has already invested around $2 billion in deals, the people added. The sources could not be identified because they are not authorized to speak to the media. Some of these ...

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First Published: Thu, June 15 2017. 02:39 IST