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Year Founded: 1988

AUM: $2.50Tn | Dry Powder: $54.78B
200 West Street, New York, NY 10282, US
Goldman Sachs Asset Management is an investment manager based in New York. The firm focuses on developing new products and services across a full range of asset classes, including fixed income, money markets, public and private equity, commodities, hedge funds, and real estate

Key Contacts

  • Adrian Jones
    Chairman & Co-Head
  • Godefroy De Colombe
    Global COO & Management Board Member
  • Michael Bruun
    Partner & EMEA head of privet equity buisness

Investment Preferences

  • Preferred Industries
    Asset Management, Commercial Services, Infrastructure, Investment Banks, Energy Equipment, Energy Services, Restaurants, Other Financial Services
  • Geographical Preference


  • Preferred Deal Types
    Acquisition Financing, Add-on, Buyout/LBO, GP Stakes, Merger/Acquisition, Mezzanine, PE Growth/Expansion
  • Other Investment Preferences
    • Invests in GP Stakes
    • Prefers majority stake
    • Prefers minority stake
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Horizon Environment & Climate Solutions I
Vintage: 2023

Size: $1.6B

Dry Powder: $1.0B

Details: It targets to invest in clean tech, ecosystem service, agriculture, food product, sustainable transportation, waste

Goldman Sachs Vintage Fund VIII
Vintage: 2019

Size: $10.3B

Dry Powder: $3.6B

Details: It targets commercial services, geospatial technology and TMT sectors

West Street Global Infra. Partners III
Vintage: 2016

Size: $1.8B

Dry Powder: $211.1M

Details: The fund invests in the renewable energy sector

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In March 2022, GridStor secured an investment of a $75 million, led by the Sustainable Investing Group within Goldman Sachs Asset Management, with additional participation by Shell Ventures. GridStor develops and operates grid-scale battery energy storage systems, thereby enabling the transition to a clean energy grid by deploying flexible grid-connected batteries at scale

In December 2021, Hydrostor, a leading long-duration energy storage solution provider, secured $250 million Investment from Goldman Sachs Asset Management to accelerate growth. Hydrostor plans to use the investment proceeds to support the development and construction of its 1.1GW/8.7GWh of A-CAES projects in Australia and California, and to grow its project development pipeline globally

In September 2021, Archaea Energy received $393 million of development capital from Goldman Sachs Asset Management, BNP Paribas Energy Trading, CIBC Capital Partners and other investors. Archaea Energy Inc is a renewable natural gas (RNG) producer in the US, with an RNG platform developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low-carbon fuel

In January 2021, Goldman Sachs Renewable Power LLC acquired a 300MW solar project with a 140MW/561MWh energy storage component in California from developer Recurrent Energy. The Slate project was built on a 2,400acre site in Kings County and is expected to reach commercial operation in late 2021. It is supported by a tax equity commitment from PNC Bank and has power purchase agreements in place with five different off-takers

In August 2020, Goldman Sachs Renewable Power acquired a 150MW solar-plus-battery storage project in California from asset management platform Middle River Power for an undisclosed amount. The project named High Desert Solar consists of a 100MW solar PV plant and a 50MW battery storage facility. Also, the project has in place a 15-year power purchase agreement with Clean Power Alliance

In June 2020, Goldman Sachs Renewable Power acquired the 123MW AC American Kings Solar project located in Kings County, California from First Solar. The project is backed by a 15-year Power Purchase Agreement with Southern California Edison and was scheduled to be commissioned in the fourth quarter of 2020

In January 2020, Goldman Sachs’ commodities group entered a fuel monetization deal in which it acquired Talen Energy’s physical coal and fuel oil inventory. Under the terms of the transaction, Talen would buy back coal and fuel oil from Goldman’s J. Aron commodities group on an as-needed basis

In June 2019, Goldman Sachs Merchant Banking Division and Volkswagen Group invested in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. For Northvolt, the consortium raised $1 billion in equity capital to establish 56GWh of lithium cell factories in Europe. Goldman Sachs Merchant Banking Division invested around £767.02 million

Other Details

Goldman Sachs Merchant Banking Division Invests in corporate equity and corporate debt, real estate equity and real estate debt and infrastructure worldwide. The firm provides advice and services to help organization with mergers and acquisitions, financing, and other transaction

Horizon Environment & Climate Solutions I is a private equity growth expansion fund managed by Goldman Sachs Asset Management. The fund invests in the US. It targets investments in the agriculture, food product, sustainable transportation, waste, material, clean tech, ecosystem service, climate tech and autonomous cars sectors

137 Ventures, 21st Century Group, 3i Group, 3i Infrastructure, 3L Capital, 4490 Ventures, 500 Startups, 8VC, Abertis, Acadia Healthcare, Accel, Access Technology Ventures, Acorn Pacific Ventures, Acosta, Activant Capital, Actua, ADESA, ADIT Ventures, Advanced Technology Ventures, Advent International are some of the institutional investors in Goldman Sachs Merchant Banking Division’s Funds

Source: Company Website, Northvolt, Riverstone Holdings, VCCiRCLE, Reuters, BJ, SparkSpread, Renewablesnow