Goldman Raises $5.5 Billion Fund To Buy Secondary Private Equity Stakes (GS)

 

"Goldman Sachs (GS) is launching a $5.5 billion fund to take advantage of the growing secondary market in private equity stakes. As we reported in February, this has typically been a sleepy area of the market. But with so many investors facing financial troubles, there’s a strong desire to cash out for anything and avoid future capital calls.

 

Many universities, for example, continue to be overexposed to illiquid PE investments,…