Goldman Sachs closes $9.7 bn private equity fund, largest since 2007

Goldman Sachs said on Tuesday it has closed a $9.7 billion private equity fund, its largest since 2007. The bank said the fund, known as "West Street Capital Partners VIII", seeks to invest in companies with an enterprise value of $750 million-$2 billion. It's planning to invest an average of $300 million in financial and business services sectors, among others.