Goldman Sachs Alternatives Raises Over $3B at First Close of Fifth Infra Fund

Goldman Sachs Alternatives has raised more than $3 billion at the aggregated first close of West Street Infrastructure Partners V, reaching 75% of its $4 billion fundraising target less than six months after launch.

The fund attracted commitments from a diverse group of institutional investors, including sovereign wealth funds, pension plans and insurance companies across North America, Europe, Asia and the Middle East. Goldman Sachs said approximately 80% of the commitments came from investors who participated in previous vintages of the strategy.

WSIP V will focus on middle-market infrastructure investments across four key themes: energy transition, digital infrastructure, transportation and logistics, and the circular economy.

“We have focused on mid-market infrastructure for over 15 years, and believe this part of the infrastructure ecosystem offers the most compelling opportunity today,” said Philippe Camu, chairman and co-chief investment officer of Infrastructure at Goldman Sachs Alternatives. “Mid-market companies also often have significant untapped operational potential.”

The fund has already begun deploying capital. Its first investment was the acquisition of QScale, a Québec-based data center platform, which closed on May 13.

“The current market environment offers highly compelling opportunities across our focus sectors in both North America and Europe, with a robust pipeline of investments for WSIP V,” said Tavis Cannell, global head and co-chief investment officer of Infrastructure at Goldman Sachs Alternatives.

WSIP V succeeds West Street Infrastructure Partners IV, which closed in 2023 and invested in 11 middle-market infrastructure operating companies. The West Street Infrastructure Partners franchise has operated within Goldman Sachs since its launch in 2006.