Goldman to Raise $19 Billion for Private Equity Fund: WSJ

Goldman Sachs Group is expected to put as much as $19 billion in a new private-equity fund, The Wall Street Journal reported.

The amount would be the largest ever raised for private equity deals by Wall Street firm and would allow Goldman to compete with top private dealmakers like Kohlberg Kravis Roberts and Blackstone Group, the paper said.

The Goldman Sachs Capital Partners VI fund would also give the company more assets than Texas Pacific Group or Bain Captial, the Journal reported.