PHOTO
Goldman Sachs CEO David Solomon said on Tuesday the firm will raise its ninth private equity fund this year.
"We'll launch what we call Capital Partners IX... our next private equity fund, which will be a significant fundraising," Solomon told investors at a conference in Miami.
He did not disclose the size of the new fund. In 2022, the Wall Street firm had closed its eighth private equity fund, raising $9.7 billion.
(Reporting by Saeed Azhar and Lananh Nguyen; Editing by Andrew Heavens)