Goldman Sachs Asset Management (GSAM) has successfully raised a substantial $14.2 billion for a new fund aimed at acquiring stakes in private equity funds.
![The Goldman Sachs logo in New York City. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/09/download-6.jpeg)
The recently closed Vintage IX fund received commitments from a diverse range of investors, including institutional investors, high-net-worth individuals, and employees of Goldman Sachs.
The secondary market, where investors adjust their exposure to private equity, has been a dominant force in the investment landscape.