Goldman Sachs Asset Management raises $5.2 billion, to invest globally

The fund has invested in Indian companies such as Swiggy, MoEngage, and ElasticRun

Goldman Sachs Asset Management on Tuesday announced the final close of its $5.2-billion West Street Global Growth Partners fund.

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,