Goldman Sachs Targets Asia's Fast-Growing Economies With New $2B Private Equity Fund: Report
Portfolio Pulse from Shivani Kumaresan
Goldman Sachs Group Inc (NYSE:GS) is launching a $2 billion private equity fund focused on Asia Pacific, targeting fast-growing economies like Japan, India, South Korea, and Australia. The fund aims for a first close by Q4 2024 and reflects a strategic shift towards external capital raising.

July 15, 2024 | 3:31 pm
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Goldman Sachs is launching a $2 billion private equity fund focused on Asia Pacific, targeting fast-growing economies. This move aligns with their strategy to raise external capital and could boost earnings from fees.
The launch of a $2 billion private equity fund focused on Asia Pacific is a significant strategic move for Goldman Sachs. It aligns with their shift towards raising external capital to boost earnings from fees. The focus on fast-growing economies like Japan, India, South Korea, and Australia could provide substantial growth opportunities. The positive market reaction, as indicated by the 1.46% increase in GS shares, suggests investor confidence in this initiative.
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