After 6 months of fund creation, 75% of total target is achieved
Korean institutions also participate in investment
Goldman Sachs’ alternative investment business infrastructure division announced that “West Street Infrastructure Partners (WSIP) No. 5” has raised more than $3 billion.
This is an achievement that has achieved 75% of the total target of $4 billion less than six months after the fund began to be created.
Various institutions, including sovereign wealth funds, pension funds, and insurance companies in North America, Asia, Europe, and the Middle East, participated in the fund. Korean institutions are also known to have pledged their investment.
In particular, 80% of the initial commitment funds were secured from institutional investors who participated in the previous series.
WSIP No. 5 is the fifth fund in the flagship infrastructure fund series within Goldman Sachs’ alternative investment project. The infrastructure fund series has been validating investment track records over the past 20 years.
The investment team successfully executed more than 40 investments across various regions and sub-sectors through the previous four funds.
The fund has set four key investment themes: energy conversion, digital infrastructure, transportation and logistics, and circular economy.
The investment team plans to flexibly respond to economic changes by forming a portfolio of mid-market companies with defensive, long-term cash flow and strong market positions.
“We’ve been strategically focused on midmarket infrastructure for more than 15 years and we think this area presents the most attractive opportunity for investors,” said Philip Camus, chairman and co-chief investment officer of Goldman Sachs Alternative Investment Business Infrastructure.
“We have faith in the midmarket market in that we have the capacity to invest in attractive multiples and flexible exit options for assets of this size,” he added.
“The current market environment provides very attractive opportunities across key sectors in North America and Europe,” said Tavis Cannell, Global General Manager and Co-Investment Officer, Goldman Sachs Alternative Investment Business Infrastructure.
WSIP No. 5 made its first investment through the acquisition of Qscale, a data center platform based in Quebec, Canada.
QScale operates state-of-the-art facilities optimized for high-performance computing (HPC) and AI workloads. Utilize Quebec’s low-carbon hydro-centric power grid and natural cooling climate. The acquisition was completed on the 13th of this month.
This fund No. 5 is the successor to WSIP No. 4. WSIP No. 4 completed its final closure in 2023 and executed funds to 11 midmarket infrastructure companies.
Last year, it made its last investment by acquiring Liquid Investment Solutions, a U.S. non-hazardous liquid waste management service company.
A company is a company that collects, processes, and recycles waste from various liquid waste sources. It provides services to a high-quality customer-centered customer base with 64 service bases and 26 processing and processing facility networks.
Goldman Sachs’ alternative investment business infrastructure division is led by Philip Camus and Tavis Cannell, co-chief investment officer. There are more than 35 infrastructure investment experts.
They are leading the entire process from finding investment sources, execution, and value creation in cooperation with “Goldman Sachs Value Accelerator,” an independent operating executive platform.
In addition to WSIP, which directly invests in infrastructure shares, it provides a comprehensive solution that encompasses the entire private equity infrastructure market, including credit solutions under infrastructure secondary, investment grade, and investment grade.
WSIP has been a key infrastructure investment for Goldman Sachs since the franchise’s launch in 2006. Founded in 2006, Goldman Sachs’ alternative investment business infrastructure division has invested $22 billion.