Goldman Sachs Raises $4 Billion for Latest Infrastructure Fund

Goldman Sachs Group Inc.’s asset management arm raised $4 billion for a new mid-market infrastructure fund.

The New York-based firm closed West Street Infrastructure Partners IV with commitments from institutional investors, high-net worth individuals and Goldman Sachs employees, according to a statement Monday.

Investors are pouring money into everything from toll roads to power networks as they seek out assets that can deliver steady returns and guard against inflation, even as the broader environment for private equity fundraising falters.

“The fund is now well-seeded and diversified,” Philippe Camu, chairman of infrastructure at Goldman Sachs Asset Management, said in ...