Fried Frank Guides Goldman Sachs on $9.7 Billion Fund Close

Fried Frank guided Goldman Sachs Group Inc. on the formation of its latest flagship corporate buyout fund, which closed with total commitments of $9.7 billion, the law firm said in a statement.

The West Street Capital Partners VIII fund, which closed “significantly above its original target,” is Goldman Sachs’ largest private equity fund since 2007, the investment firm said in a statement.

The fund plans to make investments averaging $300 million in size to take controlling stakes in companies in the financial and business services sectors, as well as health care, consumer, technology and climate change transition, the statement said. ...