| Company type | Subsidiary |
|---|---|
| Industry | Alternative investment |
| Founded | 1986; 40 years ago (1986) |
| Headquarters | 200 West Street New York City,New York, United States |
| Products | |
| AUM | US$576 billion (September 2025) |
Number of employees | 1,000+ |
| Parent | Goldman Sachs |
| Website | am |
Goldman Sachs Alternatives is thealternative investment business ofGoldman Sachs, focused onprivate equity,private credit,secondaries,real estate,infrastructure, andgrowth equity investments.[1]
Goldman Sachs has historically invested capital in a variety of businesses alongside its investment banking clients.[2] In the early and mid-1980s, Goldman Sachs was a slow entrant into the financing ofleveraged buyouts andjunk bonds and preferred to focus on its traditionalmergers and acquisitions advisory business. Beginning in 1983, however, Goldman Sachs began making longer-term equity investments in private equity transactions that came through its investment banking and other clients.[3]
Goldman Sachs Alternatives was founded in 1986, at the same time that similar groups were founded at other investment banks includingLehman Brothers Merchant Banking andMorgan Stanley Capital Partners. Goldman Sachs established investment partnerships that allowed its clients to participate alongside the firm in private equity transactions.
Since 1992, Goldman Sachs Alternatives has raised third party capital in addition to investing on behalf of the firm, its clients, and its employees through institutional private equity funds. Goldman Sachs Alternatives’ third party investors includepension funds,insurance companies,endowments,fund of funds,high-net-worth individuals,sovereign wealth funds and otherinstitutional investors.
| Fund | Vintage Year | Committed Capital ($m) |
|---|---|---|
| GS Capital Partners | 1992 | $1,104 |
| GS Capital Partners II | 1995 | $1,750 |
| GS Capital Partners III | 1998 | $2,780 |
| GS Capital Partners 2000 | 2000 | $5,250 |
| GS Capital Partners V | 2005 | $8,500 |
| GS Capital Partners VI | 2007 | $20,300 |
| West Street Capital Partners VII[4] | 2016 | $7,000 |
| West Street Capital Partners VIII[5] | 2022 | $9,700 |
| West Street Capital Partners IX[6] | 2024 |