07:56 AM EDT, 07/15/2024 (MT Newswires) -- Goldman Sachs ( GS ) plans to raise $2 billion in its first Asia Pacific-focused private equity fund, Reuters reported Monday citing two people familiar with the matter.

The bank's investment arm, Goldman Sachs Asset Management, is aiming for a first close by Q4, the sources said.

The fund will focus primarily on investment opportunities in Japan, with about half its capital expected to be allocated there, one of the sources told Reuters, adding that India, South Korea, and Australia will also be key markets for the fund.

One of the sources said that Goldman will also continue to look at opportunities in China.

A Goldman spokesperson declined MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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