Infrastructure
Source: Goldman Sachs Asset Management. As of September 30, 2025.
The Goldman Sachs network unlocks proprietary deal flow, fueling a robust sourcing engine with >80% of deals in our latest vintage sourced off-market.
We focus on market-leading, resilient infrastructure operating businesses and utilize a rigorous diligence process, ultimately executing <10% of opportunities received.
Our active ownership mindset, combined with our partnerships with seasoned operational experts, drives value creation throughout each investment's lifecycle; historically, 80% of our value creation is attributable to EBITDA growth and cash generation.
Our approach is anchored in our commitment to sustainability; we promote environmental and social characteristics and report on United Nations Sustainable Development Goals and impact KPIs.
Any mention of an investment decision is intended only to illustrate our investment strategy and is not indicative of the performance of our strategy as a whole. It should not be assumed that any investment decisions shown will prove to be profitable or any future investment decisions will be profitable or equal the performance of the investments discussed herein. The holdings and/or allocations shown may not represent all of the strategy’s investments. Please contact your Goldman Sachs Asset Management representative to obtain the holdings presented above as well as each holding’s contribution to performance and a complete list of past recommendations. Please see additional disclosures in the appendix.
Sebastien Gagnon and Leonard Seevers have Goldman Sachs Asset Management responsibilities in addition to the infrastructure team.
Source: Goldman Sachs Asset Management. As of September 30, 2025.
