Goldman Sachs raises $6.5bn infrastructure fund

2 January 2007

Securities firm Goldman Sachs has announced that it has raised $6.5 billion for a fund to be invested in infrastructure projects.

The fund is Goldman's first to dedicate itself to infrastructure investments, the bank said, and will invest globally in traditional sectors including transport, toll roads, and airports.

"Goldman Sachs is a leading private equity and real estate investor with a long history of making profitable investments and [the new fund] is a natural extension of that business," commented Steven Feldman, co-head of infrastructure in the merchant banking division of Goldman Sachs.

"With the success of this fundraising, we have the capital to create and pursue large-scale investment opportunities while achieving portfolio diversification."

The bank added that developed markets with larger investment opportunities such as Europe and North America would be the chief targets of the fund.

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