Goldman Sachs Asset Management $500 Billion Alternatives Launches Open-Ended Global Infrastructure Strategy G-INFRA for Qualified Individual Investors via Goldman Sachs Private Wealth Management, Exclusive Distribution Arrangement with HSBC Global Private Banking in Selected Markets and Select Partners Globally, G-INFRA Targets Investments in Directly Originated Core-Plus Value Add Private Infrastructure in Mid-Market, Secondaries & Liquid Assets, Goldman Sachs Alternatives Infrastructure was Launched in 2006 & Has Invested $16 Billion in 40 Portfolio Companies
23rd January 2025 | Hong Kong
Goldman Sachs Asset Management Alternatives ($500 billion AUM) has launched an open-ended global infrastructure strategy G-INFRA for qualified individual investors via Goldman Sachs Private Wealth Management, exclusive distribution arrangement with HSBC Global Private Banking in selected markets and select partners globally. The G-INFRA targets investments in directly originated core-plus value add private infrastructure in mid-market, secondaries & liquid assets. Goldman Sachs Alternatives Infrastructure was launched in 2006, and has invested $16 billion in 40 portfolio companies. Announcement (21/1/25): “New York / London – Goldman Sachs Alternatives today announced that it has launched a new open-ended, global infrastructure strategy (“G-INFRA”) that will benefit from the firm’s 18-year track record as a leader in private infrastructure investing. This launch continues the firm’s efforts to expand access to its $500bn Alternatives platform for professional investors, including qualified individuals, widening access to the performance and diversification benefits of private markets. The strategy targets investments in directly originated core-plus value add private infrastructure in the mid-market, as well as secondaries and liquid assets. Established in 2006, Infrastructure at Goldman Sachs Alternatives has invested $16 billion across 40 portfolio companies since its inception. The business has a long track record of investing across the key sectors of infrastructure, including energy transition, digital infrastructure, transportation & logistics and circular economy. In addition, Vintage Strategies at Goldman Sachs Alternatives has invested approximately $4bn in infrastructure secondaries over the last 16 years, building on the team’s broad and deep manager relationships to source secondary acquisitions of mature, cash-flowing infrastructure assets. The launch of G-INFRA, which will have US and Luxembourg-registered versions, follows the successful launch of several other open-ended strategies designed to provide qualified individual investors globally with access to a range of Goldman Sachs Alternatives strategies including in Private Credit, Real Estate and Private Equity. The strategy will be accessible to Goldman Sachs Private Wealth Management clients, as well as through an exclusive distribution arrangement with HSBC Global Private Banking in certain markets, among select partners in other jurisdictions.” In 2024 July, Goldman Sachs Asset Management is raising $2 billion for a new APAC private equity fund targeting first close in 2024 Q4. In 2024 May, Goldman Sachs Asset Management raised $3.6 billion for the new $7 billion Real Estate Credit Fund (West Street Real Estate Credit Partners IV) targeting 10% to 12% net returns, with Goldman Sachs to invest $1.4 billion with balance sheet capital & $2 billion in leverage. In March 2024, Goldman Sachs Asset Management announced the close of the new $700 million opportunistic co-investment fund Union Bridge Partners I, which co-invests in external private credit & hedge fund managers. The new $700 million fund were raised from institutions, family offices, private wealth clients & Goldman Sachs employees.
“ Goldman Sachs Asset Management $500 Billion Alternatives Launches Open-Ended Global Infrastructure Strategy G-INFRA for Qualified Individual Investors via Goldman Sachs Private Wealth Management, Exclusive Distribution Arrangement with HSBC Global Private Banking in Selected Markets and Select Partners Globally, G-INFRA Targets Investments in Directly Originated Core-Plus Value Add Private Infrastructure in Mid-Market, Secondaries & Liquid Assets, Goldman Sachs Alternatives Infrastructure was Launched in 2006 & Has Invested $16 Billion in 40 Portfolio Companies “
Tavis Cannell, Global Head of Infrastructure at Goldman Sachs Alternatives: “The current opportunity set in infrastructure is both exciting and expansive, driven by key megatrends including digitization and decarbonization. This evergreen product will provide wealth clients with a way to invest alongside our flagship institutional strategies across our infrastructure platform.”
Henry Willans, Head of Infrastructure for Vintage Strategies at Goldman Sachs Alternatives: “The development of the private infrastructure market is creating significant opportunities for secondaries investors to provide liquidity solutions and gain access to mature, cash-flowing infrastructure assets. We are pleased to bring our experience investing in infrastructure secondaries to this new strategy.”
Stephanie Rader, Global Co-Head of Alternatives Capital Formation at Goldman Sachs Alternatives: “Infrastructure is a unique asset class with resilient and predictable cashflows, embedded inflation protection, and low correlation to other asset classes. We are pleased to have launched this evergreen format that will broaden access to the investment strategy.”
Goldman Sachs Alternatives. Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $3 trillion in assets under supervision globally as of 31st December 2024.
$2.8 Trillion Goldman Sachs Asset Management to Raise $2 Billion for New APAC Private Equity Fund Targeting First Close in 2024 Q4
18th July 2024 – Goldman Sachs Asset Management with $2.8 trillion Assets under Supervision, is raising $2 billion for a new APAC private equity fund targeting first close in 2024 Q4. In 2024 May, Goldman Sachs Asset Management raised $3.6 billion for the new $7 billion Real Estate Credit Fund (West Street Real Estate Credit Partners IV) targeting 10% to 12% net returns, with Goldman Sachs to invest $1.4 billion with balance sheet capital & $2 billion in leverage. The West Street Real Estate Credit Partners IV will originate, underwrite & hold loans backed by high quality real estate, and including in America, Europe & APAC (focus on Australia). The $3.6 billion funds is raised from institutional investors (sovereign wealth funds, pensions, insurers), family offices and wealthy management firms & clients. In March 2024, Goldman Sachs Asset Management announced the close of the new $700 million opportunistic co-investment fund Union Bridge Partners I, which co-invests in external private credit & hedge fund managers. The new $700 million fund were raised from institutions, family offices, private wealth clients & Goldman Sachs employees.
$2.8 Trillion Goldman Sachs Asset Management Raises $3.6 Billion for New $7 Billion Real Estate Credit Fund West Street Real Estate Credit Partners IV Targeting 10% to 12% Net Returns, Goldman Sachs to Invest $1.4 Billion with Balance Sheet Capital & $2 Billion in Leverage
16th May 2024 – Goldman Sachs Asset Management with $2.8 trillion Assets under Supervision, has raised $3.6 billion for the new $7 billion Real Estate Credit Fund (West Street Real Estate Credit Partners IV) targeting 10% to 12% net returns, with Goldman Sachs to invest $1.4 billion with balance sheet capital & $2 billion in leverage. The West Street Real Estate Credit Partners IV will originate, underwrite & hold loans backed by high quality real estate, and including in America, Europe & APAC (focus on Australia). The $3.6 billion funds is raised from institutional investors (sovereign wealth funds, pensions, insurers), family offices and wealthy management firms & clients. In March 2024, Goldman Sachs Asset Management announced the close of the new $700 million opportunistic co-investment fund Union Bridge Partners I, which co-invests in external private credit & hedge fund managers. The new $700 million fund were raised from institutions, family offices, private wealth clients & Goldman Sachs employees.
$2.8 Trillion Goldman Sachs Asset Management Closes $700 Million Opportunistic Co-Investment Fund Union Bridge Partners I Co-investing in External Private Credit & Hedge Fund Managers, Funds Raised from Institutions, Family Offices, Private Wealth Clients & Goldman Sachs Employees, Union Bridge is Part of Goldman Sachs $340 Billion External Investing Group Which Sources Opportunities from 3rd-Party Asset Managers
22nd March 2024 – Goldman Sachs Asset Management with $2.8 trillion Assets under Supervision, has announced the close of the new $700 million opportunistic co-investment fund Union Bridge Partners I, which co-invests in external private credit & hedge fund managers. The new $700 million fund were raised from institutions, family offices, private wealth clients & Goldman Sachs employees. Union Bridge is part of Goldman Sachs $340 billion external investing group (XIG) which sources opportunities from 3rd-party asset managers. Announcement (21/3/24): “Goldman Sachs Asset Management today announced the final close of Union Bridge Partners I (“Union Bridge”), which closed on 31 December 2023 with over $700mm in capital commitments. Union Bridge is an opportunistic co-investment strategy that seeks to deliver compelling risk-adjusted returns by identifying unique investment opportunities in both public and private markets that fall outside the mandate of traditional market participants. Union Bridge sources from leading external private credit and hedge fund managers’ high conviction positions and invests side-by-side, working together with them to help drive positive outcomes. Union Bridge sits at the nexus of Goldman Sachs’s $340 billion External Investing Group (XIG), which helps clients to find, access and assess opportunities from third-party asset managers. XIG has relationships with thousands of leading managers globally. The capital was raised from a global and diverse investor base including sophisticated institutions, family offices, private wealth clients, and significant commitments from Goldman Sachs employees. XIG is a global platform with 400+ employees and houses some of the firm’s flagship direct Alternatives strategies, including the Vintage Strategies (Secondaries) and Petershill (GP Stakes) businesses. The Union Bridge strategy is differentiated through sourcing drawn from the scale and breadth of the XIG platform, its proprietary infrastructure custom built for co-investments opportunities, and its fully dedicated investment team – which provide critical speed of execution advantages. The fund is already ~40% deployed and has provided customized capital solutions to companies across North America and Europe in diverse sectors including hospitality, fitness centers, software and music royalties.”
Michael Brandmeyer, Global Head of XIG at Goldman Sachs Asset Management: “This fundraise reflects the growing opportunity set in co-investments, including outside of private equity where it originated, and the advantages of the XIG platform to source and execute these investments. We are grateful for the support of our clients in raising this inaugural fund and look forward to continuing to work with our extensive network of third-party managers to deliver attractive returns for clients.”
Philip Pallone, who leads the Union Bridge program: “We have seen a significant increase in the opportunity to partner with our external managers to provide flexible capital solutions to companies across public and private markets. The Union Bridge programs allows us to be stronger partners to our external managers by committing value-added capital in their highest-conviction opportunities while at the same time providing our clients access to differentiated, often exclusive, investments that they would not otherwise be able to access.”
About Goldman Sachs Asset Management
Goldman Sachs Asset Management is the primary investing area within Goldman Sachs (NYSE: GS), delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives and multi-asset solutions. Goldman Sachs oversees more than $2.8 trillion in assets under supervision as of December 31, 2023.
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