Goldman Sachs Alternatives announced that it has raised over $3 billion at the first close of West Street Infrastructure Partners V (WSIP V), the fifth vintage of its flagship infrastructure fund series, targeting investments across key themes including Energy Transition, Digital Infrastructure, Transportation & Logistics, and Circular Economy.

The close brings the fund three quarters of the way to its $4 billion target, and comes less than six months after launch.

According to Goldman Sachs, the $3 billion capital raise comes amidst a significant transformation in the infrastructure landscape, driven in particular by unprecedented power demand growth required for AI, as well as geopolitical turmoil and deglobalization. The firm said that these dynamics are creating urgent demand for private capital solutions, with the infrastructure fund strategically positioned to capitalize on these megatrends through its digital infrastructure, energy transition, transportation & logistics, and the circular economy investment themes.

Tavis Cannell, Global Head and Co-CIO of Infrastructure at Goldman Sachs Alternatives, said:

“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.”

WSIP V announced its first investment in May 2026, acquiring Canadian data center platform QScale. Based in Quebec, QScale designs, builds and operates purpose-built data centers, and benefits from Quebec’s low-carbon, hydro-dominated grid and natural cold-climate cooling, which enables a meaningfully lower environmental footprint than conventional facilities.

WSIP V received commitments from a diverse base of institutional investors, including sovereign wealth funds, pension plans, and global insurance companies across North America, Asia, Europe, and the Middle East, with 80% of commitments from investors from prior vintages.

Sydney McConathy, Global Head of Infrastructure Alternatives Capital Formation, said:

“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.”