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Goldman Sachs Asset Management allocates $15.2bn for PE-backed junior debt investments

The Goldman Sachs unit has already invested about $4bn across 13 companies from the new fund

Goldman Sachs Group’s asset-management arm said it has rounded up $15.2bn to make junior debt investments in companies backed by private-equity firms, the latest pool targeting mezzanine financing.

New York-based Goldman Sachs Asset Management said its West Street Mezzanine Partners VIII LP fund includes $11.7bn of equity capital and $3.5bn in expected long-term financing, according to a news release.

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