Goldman raises $5.5 bln for secondary fund

April 13 2009 16:29:44

Goldman raises $5.5 bln for secondary fund

Agence France-Presse

The new Goldman fund, GS Vintage Fund V, is the largest secondary fund ever raised, the two newspapers said. The fund hopes to benefit from the trouble bigger banks and other institutional investors are having in recovering some of the money they placed in private-equity businesses.

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