• Represents 75% of the Fund’s total $4 billion target, and was achieved in less than six months.
• Commitments secured from a diverse global institutional investor base across North America, Asia, Europe and the Middle East.
• Approximately 80% of initial commitments are from investors from prior vintages.

NEW YORK AND LONDON, Monday, June 1, 2026 – Infrastructure at Goldman Sachs Alternatives today announced that it has raised over $3 billion at the aggregated first close of West Street Infrastructure Partners V ("WSIP V" or "the Fund"), achieving 75% of its $4 billion target in less than six months. Commitments were secured from a diverse global institutional investor base, including sovereign wealth funds, pension plans, and global insurance companies, spanning North America, Asia, Europe, and the Middle East. 80% of the Fund’s initial commitments are from investors from prior vintages, highlighting the franchise’s long-term partnerships.

WSIP V is the fifth vintage of Goldman Sachs Alternatives' flagship infrastructure fund series, building on a proven 20-year track record. Across four preceding vintages, the team has executed over 40 investments spanning various geographies and sub-sectors under a range of economic conditions.

The current infrastructure landscape is undergoing a significant transformation, propelled by the unprecedented power demand required for AI and the complexities associated with geopolitics and deglobalization. These dynamics are creating urgent demand for private capital solutions, especially in the mid-market. WSIP V is strategically positioned to capitalize on these megatrends across four key investment themes: Energy Transition, Digital Infrastructure, Transportation & Logistics, and Circular Economy, building an all-weather global portfolio of mid-market operating businesses with defensive, long-term cash flows and strong market positions. 

"We have focused on mid-market infrastructure for over 15 years, and believe this part of the infrastructure ecosystem offers the most compelling opportunity today," said Philippe Camu, Chairman and Co-CIO of Infrastructure at Goldman Sachs Alternatives. "Our conviction is driven by our long-term track record in the space, as well as our ability to invest at attractive entry multiples and flexibility in exit options. Mid-market companies also often have significant untapped operational potential. Our active ownership mindset, time-tested value creation playbook, and partnership with the Goldman Sachs Value Accelerator enables us to drive strong outcomes that benefit our investors."

“The current market environment offers highly compelling opportunities across our focus sectors in both North America and Europe, with a robust pipeline of investments for WSIP V. We are incredibly grateful for the positive initial response from our investors, and deeply appreciate their continued trust in our franchise," said Tavis Cannell, Global Head and Co-CIO of Infrastructure at Goldman Sachs Alternatives.

"Investors are allocating more to infrastructure as a critical diversifier in their portfolios. Infrastructure’s ability to provide stability during periods of uncertainty is a key strength for the asset class and we are seeing that adoption reflected in the current market," said Sydney McConathy, Global Head of Infrastructure Alternatives Capital Formation.

WSIP V has announced its first investment with the acquisition of QScale, a leading Canadian data center platform based in Québec. QScale operates cutting-edge facilities purpose-built for high-performance computing and AI workloads, benefiting from Québec's low-carbon, hydro-dominated grid and natural cold-climate cooling. The acquisition closed on May 13, 2026. Looking ahead, the team has developed a pipeline of additional attractive investment opportunities across focus sectors and geographies as it looks to further deploy the Fund. 

The Fund succeeds West Street Infrastructure Partners IV ("WSIP IV"), which held a final close in 2023 and deployed capital across 11 mid-market infrastructure operating companies. WSIP IV announced its final investment in 2025 with Liquid Environmental Solutions, a leading provider of non-hazardous liquid waste management services in the United States. The Company collects, treats, and beneficially recovers materials from a variety of liquid waste sources, and services its highly diversified, blue-chip customer base from a strategically located network of 64 service locations and 26 treatment and processing facilities.

The Infrastructure at Goldman Sachs Alternatives team is led by Co-CIOs Philippe Camu and Tavis Cannell and supported by 35+ experienced infrastructure investors who drive sourcing, execution, and value creation in partnership with a proprietary platform of operating executives – the Goldman Sachs Value Accelerator.

In addition to the direct infrastructure equity investing business, West Street Infrastructure Partners, Goldman Sachs Alternatives is a solutions provider across the private infrastructure landscape, including infrastructure secondaries, and investment grade and sub-investment grade credit solutions. West Street Infrastructure Partners has been a part of Goldman Sachs since the franchise’s inception in 2006.

About Infrastructure at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $625 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.7 trillion in assets under supervision globally as of March 31, 2026.

Established in 2006, Infrastructure at Goldman Sachs Alternatives has consistently navigated the evolving infrastructure asset class, having invested approximately $22 billion in infrastructure assets across market cycles since its inception. The business partners with experienced operators and management teams across multiple sectors, including digital infrastructure, energy transition, transportation & logistics, and the circular economy.

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Media Contacts

Goldman Sachs Alternatives
Joseph Stein | +44-20-7774-2523 | Joseph.Stein@gs.com