(Bloomberg) Goldman Sachs Group Inc. has raised $1.3 billion for its second Petershill fund that buys stakes in hedge fund firms, beating its initial target, according to a person with knowledge of the matter.
The bank started raising money for Petershill II in 2013, initially aiming to raise $1 billion, said the person, who asked not to be identified because the information is private. Joseph Stein, a spokesman for Goldman Sachs in London, declined to comment on the fundraising.
