Goldman Sachs Group Inc is setting up a private equity fund worth $5-8 billion, its first fund since the 2008 financial crisis, Reuters reports citing a source familiar with the situation. Goldman Sachs also plans to raise at least $500 million from its employees for the new fund and donate a part of its equity to comply with the post-crisis regulations that are designed to protect the banking industry. Earlier The Wall Street Journal mentioned the intention of the Goldman Sachs Financial Group to create such fund. According to the publication, the new fund will be 2 times smaller than the previous one established in 2007.

 

 

 

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