Goldman Sachs aims to raise $2 billion for its first Asia Pacific-focused private equity fund, sources revealed. The bank’s investment arm, Goldman Sachs Asset Management, is targeting a first close by Q4, focusing primarily on Japan, and also looking at India, South Korea, and Australia. This comes amid reshaping strategies in Asia’s private equity sector due to geopolitical tensions and economic headwinds.
Japan’s attractive market conditions, including a cheap yen and strong corporate governance, are key factors. The new fund seeks investments in some of the world’s fastest-growing economies.
