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Goldman Sachs is raising up to $20bn for new buy-out fund28/03/2007. Source: AltAssets. 
 Goldman Sachs is raising up to $20bn for its new private equity fund, according to various reports referring to comments made by CEO Lloyd Blankfein at a company meeting.
This could be a new record in the booming private equity industry. However, The Blackstone Group is currently raising a buy-out fund that is also expected to close on around $20bn.
Goldman Sachs is a global investment banking, securities and investment management firm. Goldman Sachs Asset Management's Private Equity Group recently closed its fourth dedicated private equity secondaries fund, GS Vintage Fund IV, on approximately $3bn.
Goldman Sachs is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other financial centres.
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