Goldman Sachs Raises $4B for 4th Infrastructure Fund

Goldman Sachs Asset Management closed its West Street Infrastructure Partners IV fund at $4 billion, meeting its goal, after two years on the market.

The fund will invest globally in infrastructure with a value-added concentration on the middle market. It will invest in energy transition, digital infrastructure, transportation/logistics, and social infrastructure opportunities.

The fund was backed by institutional investors, wealthy clients and bank employees, according to the firm.

Philippe Camu, Scott Lebovitz, and Tavis Cannell lead the infrastructure division of GSAM. The fund has already invested $2.3 billion in eight companies, including Synthica, an American developer of organic renewable gas plants, and Verdalia, a European developer and proprietor of biomethane plants.

“The infrastructure asset class is positioned to benefit from some of the most exciting secular tailwinds associated with decarbonization, digitization, de-globalization and demographics,” said Lebovitz.

GSAM has invested approximately $16 billion in infrastructure since the division’s inception in 2006. The firm recently completed its first infrastructure secondaries fund, Vintage Infrastructure Partners I, with $1 billion in commitments.