Hedge Funds

Goldman Sachs raises $700m to invest ‘side-by-side’ with hedge funds

The bank’s asset management arm has raised $700m for a new co-investment strategy

Goldman sees 'significant increase in opportunity to partner with external managers'
Goldman sees 'significant increase in opportunity to partner with external managers' Photo: Angus Mordant/Getty Images

Goldman Sachs is planning to invest alongside hedge funds and private credit firms through a new $700m fund.

Dubbed 'Union Bridge', the new co-investment strategy will identify investment opportunities in public and private markets that fall “outside the mandate of traditional market participants,” the firm said in a 21 March announcement.

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