Goldman Raises $1.2B for New Secondaries Vehicle

Filings with the SEC show Goldman Sachs Group, Inc. (NYSE:GS) has built up a new fund of almost $1.2 billion that would invest in private equity interests purchased through secondary markets. A previous fund floated in 2009 had raised roughly $5.5 billion and Goldman is seeking to raise between $4 billion to $5 billion for the present fund (the fifth in the series), according to information provided to investors. In an ongoing trend, last year Lexington partners raised a huge $7 billion in its seventh secondary raising. Styled the “GS Vintage Fund VI LP,” this global fund will invest in fund…