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Goldman Sachs closes latest FoF at $1.2bn

Goldman Sachs has raised its sixth fund-of-funds, this time reaching a target to $1.2 billion. The fund will invest in funds across the globe with no predefined geographic split. The only difference in this fund is that part of the investing team is now based in London, following the move of John Shearburn from the New York office in January this year.

Goldmans also boasts the addition of Clive Norton to its London team. Norton will be an executive director responsible for marketing. He used to work alongside Mounir Guen at Merrill Lynch. Guen left Merrill’s to set up MVision, a boutique placement agent.

This fund brings Goldmans fund-of-funds business to $11 billion of committed capital.