Goldman Sachs said it has raised $8.5 billion in committed capital for its GS Capital Partners V fund—the highest amount ever raised for a p...

Goldman Sachs said it has raised $8.5 billion in committed capital for its GS Capital Partners V fund—the highest amount ever raised for a private equity fund.

“With GS Capital Partners V, Goldman Sachs is well positioned to continue to participate in the corporate buyout market, which has grown in scale over the past few years,” said Richard Friedman, head of Goldman Sachs’ principal investment area, in a statement.

Goldman Sachs has committed in excess of $2.5 billion, or 30 per cent, of the fund's total capital. Other investors in GS Capital Partners V are part of the firm's network of qualified institutional and high net worth clients.

Goldman said in a statement: “Like its predecessors, GS Capital Partners V will seek long-term capital appreciation by committing equity to high-quality companies with superior management in a variety of situations, including leveraged buyouts, recapitalizations, and growth investments to fund acquisition or expansion. The Fund will invest across a broad range of industries and will seek to create value through meaningful involvement with portfolio companies' strategic decision-making and operating philosophy.”