THE GOLDMAN TOUCH PRIVATE EQUITY ISN'T DEADYET

摘要

The global collapse in the financial and credit mar-kets has pummeled private equity, but not at Goldman Sachs Asset Management. The firm surpassed its own targets when it received $5.5 billion in capital commitments for its GS Vintage Fund V, Goldman's fifth private equity secondaries fund. It will buy stakes in limited partnerships at a discount from investors eager to unload them in a hurry. Goldman won't reveal what it hopes to pay, but one industry expert says it could be as little as 50 to 70 cents on the dollar. "This represents a great opportunity, " notes Gregory Peterson, a partner in the transactions services division of Pricewater-houseCoopers. "They are one ofrnthe first, and biggest, to do this."