Private Equity news – Firm Goldman Sachs Raises $200 Million for Debut ELTIF
Private Equity News – Goldman Sachs Asset Management has raised $200 million for its debut European Long-Term Investment Fund (ELTIF). The fund, which is called the Goldman Sachs ELTIF, is a closed-end fund that invests in a diversified portfolio of private market assets.
The Goldman Sachs ELTIF is the first ELTIF to be launched by a major global investment bank. ELTIFs are a type of investment fund that is regulated by the European Securities and Markets Authority (ESMA). ELTIFs offer a number of advantages over traditional private market funds, including the ability to be listed on a stock exchange and the ability to be traded intraday.
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The Goldman Sachs ELTIF is targeting a broad range of investors, including institutional investors, family offices, and high-net-worth individuals. The fund is expected to invest in a diversified portfolio of private market assets, including private equity, venture capital, and infrastructure.
We are excited to launch our first ELTIF,” said Michael Arougheti, CEO of Goldman Sachs Asset Management. “The ELTIF is a unique product that offers investors access to a diversified portfolio of private market assets in a liquid and transparent format.”
“We believe that the ELTIF is well-positioned to meet the needs of a broad range of investors,” said Arougheti. “We are confident that the fund will be a success.”
The Goldman Sachs ELTIF is a significant development in the European private market landscape. The fund’s launch is a sign that major global investment banks are increasingly interested in the private market space. The ELTIF is also a sign that the European regulatory environment is becoming more favorable to private market funds.
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