Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund

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Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund - Business Standard

Quick Summary:

Only five China-focused private equity funds were raised in the first half this year, totalling $2.

The fund-raising effort comes as private equity firms in Asia reshape investment strategies and country allocations amid geopolitical tension, a higher interest rate environment, market volatility, and macroeconomic headwinds.

One of the sources told Reuters that Goldman, which manages more than $90 billion in private equity assets globally, including buyouts and growth investments, would also continue to look at opportunities in China.