Goldman Sachs Seeks $12.5 Billion for Newest Mezzanine Fund

Goldman Sachs Group Inc. is targeting at least $12.5 billion for its latest fund dedicated to mezzanine debt investments, according to people with knowledge of the matter.

The New York-based firm has begun conversations with prospective investors for GS Mezzanine Partners VIII, the people said, requesting anonymity discussing private talks. The firm could ultimately raise as much as $15 billion, including a commitment from Goldman itself, one of the people said.

A Goldman representative declined to comment.

The new mezzanine fund follows a predecessor vehicle, which drew backing from Cathay Life Insurance Co. and Korea Post Insurance.

It comes amid ...