Goldman Sachs Asset Management announced the final close of its $5.2 billion West Street Global Growth Partners fund. The bank plans to invest a quarter of this newly-raised $5.2 billion growth fund in India and developed markets in Asia-Pacific
Bloomberg reports that In an interview this month, Stephanie Hui, co-head of alternative investing in Asia at Goldman Sachs Asset Management, said the bank has “dialed up” in India, while overall investors are diverting some emerging market capital that was previously earmarked for China.
In India, the fund invested in MoEngage, a customer engagement platform that provides actionable insights into customer behavior and marketing automation; ElasticRun, a business-to-business e-commerce platform and a tech-enabled last mile logistics firm; and Swiggy, a food ordering and delivery company.
The fund seeks minority stakes in businesses with an average investment size of approximately $50 million and will invest predominantly in the early to mid-stage segments of the growth equity market. The target sectors for the fund are enterprise technology, financial technology, healthcare and consumer, it said in a release.
Last updated: December 26th, 2025
