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Goldman Eyes $14 Billion for Its Largest Fund Since 2008 Crisis

  • It’s one of the largest hauls for a debut fund in a new series
  • Fundraising blitz could help cement Salisbury’s rise at firm
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Photographer: Jin Lee/Bloomberg

Goldman Sachs Group Inc. boosted the size of a new credit fund to $14 billion in what is shaping up to be one of the largest debut investment vehicles ever raised.

The bank, which set out with a target of $5 billion to $10 billion, is now expecting to finish fundraising with a $14 billion war chest to pour into companies in need of fresh liquidity. A Goldman representative confirmed the goal for the first in a new family of funds, called West Street Strategic Solutions Fund I.