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Report: Goldman's infrastructure fund raises $1.5B in first close of fundraising

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Report: Goldman's infrastructure fund raises $1.5B in first close of fundraising

Goldman SachsGroup Inc. raised about $1.5 billion in the first stage offundraising for its latest infrastructure fund, Reuters reported March 29,citing "people familiar with the matter."

The fund completed its first close in late 2015 and hassince reached $1.8 billion, according to the report. The fund istargeting a total size of $3 billion.

Goldman raised $3.1 billion in 2010 for its lastinfrastructure fund and has raised more than $10 billion in investments ininfrastructure since 2006, Reuters reported, citing the company's website.

Morgan Stanleyraised $3.6 billionfor its second global infrastructure fund in March.