HedgeCo.Net — Goldman Sachs Alternatives announced on September 15 the final close of West Street Capital Partners IX and related vehicles at $9.6 billion of total capital, and said that together with more than $1.6 billion raised to date for West Street Asia Equity Partners I and $500 million for related co-investment vehicles, total capital raised for the current private-equity vintage on a global basis is $11.7 billion, according to the firm’s statement as carried by Reuters and Private Equity News / Caproasia. WSCP IX is the ninth vintage of the firm’s flagship buyout platform; capital came from institutional and high-net-worth investors in North America, Europe, and the Middle East, with significant commitments from Goldman Sachs and its employees.
Michael Bruun, global co-head of private equity at Goldman Sachs Alternatives, told Reuters that more than one-third of WSCP IX capital has already been invested and framed deployment over roughly a four- to four-and-a-half-year period, with typical enterprise values in a $500 million to about $2–$3 billion band and planned holds of about four to five years. Named portfolio examples on the tape include Schellman, Numantec, and Excel Sports Management. WSAEP I remains in market as a dedicated pan-Asia Pacific control and select-growth strategy after an aggregated first close above $1.6 billion.
This is a disclosed multi-vehicle PE close, not a rumor. Mark the $9.6 billion WSCP IX final, the >$1.6 billion WSAEP I to-date, the $500 million co-invest sleeve, the $11.7 billion vintage total, the >one-third already invested comment, and the middle-market EV band as sourced. Do not invent a hard cap change versus prior vintages beyond what PE News noted as a size dip, a final Asia close, or an AUM figure beyond Reuters’ $459 billion assets under supervision as of June 30. The allocator object is a scaled bank-affiliated PE platform resetting its flagship and Asia sleeves in the same vintage.