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Goldman Sachs IM raises $3.5bn real estate warchest

Goldman Sachs Asset Management has raised $3.5bn (£2.7bn) for its Real Estate Investment Partners programme.

The funds, raised from institutional and high-net-worth investors, will be invested across the globe, focused on core-plus and value-add real estate opportunities.

Julian Salisbury, global co-head of GSAM, said: “This fundraise reflects the strength, track record and breadth of our global real estate platform. Our tenured team has navigated complex changes in the real estate market over multiple cycles and produced strong outcomes for our clients. We are focused on delivering consistent risk-adjusted returns for investors and are grateful for their continued support and partnership.”

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