Archer Capital Fund III
GS Private Equity Fund 3 has changed its name to Archer Capital Fund III. GS Private Equity has raised ASD 450 million (USD 321 million) for its new GS Private Equity Fund 3 in its first and final closing, exceeding the orginal targe of ASD 300 million (USD 214 million). The new leveraged buyout fund will invest in Australasian businesses between A $50 and A$400 million ($35 to $285 million) size range. Despite commiting by local instituional investors, the fund has also attracted investments from several unnamed overseas fund of funds managers.