Key Takeaways
- • Goldman Sachs Asset Management closed GS Vintage Fund V with $5.5 billion in capital commitments, marking the firm's fifth dedicated private equity secondaries fund as of April 2009.
- • The fund targets acquisition of private equity portfolios, including limited partnership interests in PE funds, with deal sizes ranging from $1 million to over $1 billion across all strategies and geographies.
- • GS Vintage Fund V attracted institutional and private investors globally across the Americas, Europe, Asia, and Australia, demonstrating continued LP confidence in secondaries strategies during the post-financial crisis period.
- • Goldman Sachs' Alternative Investments & Manager Selection (AIMS) Group now manages over $32 billion in private equity capital commitments across fund-of-funds, secondaries, and co-investment vehicles with 200+ professionals worldwide.
- • The fund leverages Goldman Sachs' global sourcing network, due diligence capabilities, risk management expertise, and extensive PE relationships to identify and execute secondary market transactions.
Summary
Goldman Sachs Asset Management announced the final close of GS Vintage Fund V on April 13, 2009, with approximately $5.5 billion in capital commitments. The fund represents the fifth installment in the firm's Vintage secondaries platform and reflects sustained institutional demand for secondary private equity investments during a challenging period for alternative assets following the 2008 financial crisis.
GS Vintage Fund V focuses on acquiring portfolios of private equity assets, including limited partnership interests in private equity funds, while also providing liquidity and capital solutions to both limited partners and general partners worldwide. The fund's investment mandate encompasses opportunities ranging from $1 million to over $1 billion in size, with exposure across all private equity strategies and geographies. This flexible mandate positions the fund to capture a broad range of secondary opportunities as institutional investors seek liquidity during market dislocations.
Limited partners in the fund include existing and new institutional and private investors distributed across the Americas, Europe, Asia, and Australia. This geographic diversification reflects the global nature of Goldman Sachs' investor base and the international scope of its secondaries platform. The firm's competitive advantages in secondary investing include its global sourcing network, proprietary due diligence capabilities, risk management infrastructure, and longstanding relationships throughout the private equity industry.
The AIMS Group, which manages GS Vintage Fund V, operates with more than 200 professionals worldwide and provides diversified portfolio solutions across traditional long-only managers, hedge funds, and alternative strategies. As of the fund's close, the AIMS Group's private equity strategies represented more than $32 billion in capital commitments across fund-of-funds, secondary market funds, and co-investment vehicles. Goldman Sachs Asset Management, the asset management arm of The Goldman Sachs Group, managed $779 billion in total assets as of November 28, 2008, positioning it as a substantial player in alternative asset management despite market headwinds.
GS Vintage Fund V focuses on acquiring portfolios of private equity assets, including limited partnership interests in private equity funds, while also providing liquidity and capital solutions to both limited partners and general partners worldwide. The fund's investment mandate encompasses opportunities ranging from $1 million to over $1 billion in size, with exposure across all private equity strategies and geographies. This flexible mandate positions the fund to capture a broad range of secondary opportunities as institutional investors seek liquidity during market dislocations.
Limited partners in the fund include existing and new institutional and private investors distributed across the Americas, Europe, Asia, and Australia. This geographic diversification reflects the global nature of Goldman Sachs' investor base and the international scope of its secondaries platform. The firm's competitive advantages in secondary investing include its global sourcing network, proprietary due diligence capabilities, risk management infrastructure, and longstanding relationships throughout the private equity industry.
The AIMS Group, which manages GS Vintage Fund V, operates with more than 200 professionals worldwide and provides diversified portfolio solutions across traditional long-only managers, hedge funds, and alternative strategies. As of the fund's close, the AIMS Group's private equity strategies represented more than $32 billion in capital commitments across fund-of-funds, secondary market funds, and co-investment vehicles. Goldman Sachs Asset Management, the asset management arm of The Goldman Sachs Group, managed $779 billion in total assets as of November 28, 2008, positioning it as a substantial player in alternative asset management despite market headwinds.
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