Just when Blackstone thought they held the record for the largest buyout fund ever, at an estimated $18.1 billion, Goldman Sachs announced an even bigger fund...read what FINAlternatives had to say about the new fund here http://www.finalternatives.com/node/1393
Goldman Plans Buyout Fund Bigger Than Blackstone’s
March 28, 2007 Private Equity -->
Just a week after being snubbed in The Blackstone Group’s initial public offering, Goldman Sachs announced that the private equity firm’s new $18.1 billion buyout fund—revealed in its IPO prospectus—will not, in fact, be the largest ever. Goldman plans to take that honor itself.
Lloyd Blankfein, CEO of the Wall Street giant, told shareholders at the company’s annual meeting that Goldman will raise upwards of $20 billion for its next corporate buyout fund. “It might be a little more, it might be a little less,” he said.