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Goldman Sachs Closes First Infrastructure Fund With More Than $6.5 Billion

The Goldman Sachs Group, Inc. (NYSE: GS) today announced it has raised its first GS Infrastructure Partners fund with more than $6.5 billion in committed capital. This is Goldman Sachs' first fund dedicated to making infrastructure investments and will make such investments globally.

"Goldman Sachs is a leading private equity and real estate investor with a long history of making profitable investments and GS Infrastructure Partners is a natural extension of that business," said Steven Feldman and William Young, Co-Heads of the Infrastructure Group in the Merchant Banking Division of Goldman Sachs. "With the success of this fundraising, we have the capital to create and pursue large-scale investment opportunities while achieving portfolio diversification."

GS Infrastructure Partners will seek investments in traditional infrastructure sectors including transport infrastructure, such as toll roads, airports and ports as well as regulated gas, water and electrical utilities.

While the Fund is global, the focus will be on larger investment opportunities in developed markets with established legal, political and regulatory frameworks. The primary sources of opportunities are expected to be in Europe and North America. The Fund has already committed to recent investments including: Associated British Ports and Kinder Morgan.

Goldman Sachs has committed approximately $750 million of the Fund's total capital. Other institutional investors in GS Infrastructure Partners include pension funds, insurance companies and banks.

GS Infrastructure Partners is managed by a diverse team of experienced professionals in the Firm's Merchant Banking division in New York and London, which will draw on the Firm's extensive experience in managing real estate and private equity investments.

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

Contacts:

US: Andrea Raphael
Tel: 212-357-0025

Europe: Rebecca Nelson
Tel: 44-20-7552-4358