Goldman Sachs raises $4b for infrastructure deals

Goldman Sachs Asset Management has raised $4 billion for a new fund to invest in infrastructure assets globally, including energy transition, transport and logistics, the company said on Monday, reports Reuters.
The fund, called West Street Infrastructure Partners IV, closed in line with its target and was backed by institutional investors, wealthy clients and bank employees, the firm said in a statement.
The fund has already committed $2.3 billion to eight companies across sectors, including Synthica Energy, a developer and operator of organic renewable gas plants.
The company had raised about $1 billion of equity commitments for its inaugural infrastructure secondaries fund, Vintage Infrastructure Partners, last month.