Goldman Sachs Closes First Infrastructure Fund with More Than $6.5 Billion

The Goldman Sachs Group, Inc. (NYSE: GS) today announced it has
raised its first GS Infrastructure Partners fund with more than $6.5
billion in committed capital. This is Goldman Sachs' first fund
dedicated to making infrastructure investments and will make such
investments globally.

"Goldman Sachs is a leading private equity and real estate
investor with a long history of making profitable investments and GS
Infrastructure Partners is a natural extension of that business," said
Steven Feldman and William Young, Co-Heads of the Infrastructure Group
in the Merchant Banking Division of Goldman Sachs. "With the success
of this fundraising, we have the capital to create and pursue
large-scale investment opportunities while achieving portfolio
diversification."

GS Infrastructure Partners will seek investments in traditional
infrastructure sectors including transport infrastructure, such as
toll roads, airports and ports as well as regulated gas, water and
electrical utilities.

While the Fund is global, the focus will be on larger investment
opportunities in developed markets with established legal, political
and regulatory frameworks. The primary sources of opportunities are
expected to be in Europe and North America. The Fund has already
committed to recent investments including: Associated British Ports
and Kinder Morgan.

Goldman Sachs has committed approximately $750 million of the
Fund's total capital. Other institutional investors in GS
Infrastructure Partners include pension funds, insurance companies and
banks.

GS Infrastructure Partners is managed by a diverse team of
experienced professionals in the Firm's Merchant Banking division in
New York and London, which will draw on the Firm's extensive
experience in managing real estate and private equity investments.

Goldman Sachs is a leading global investment banking, securities
and investment management firm that provides a wide range of services
worldwide to a substantial and diversified client base that includes
corporations, financial institutions, governments and high net worth
individuals. Founded in 1869, it is one of the oldest and largest
investment banking firms. The firm is headquartered in New York and
maintains offices in London, Frankfurt, Tokyo, Hong Kong and other
major financial centers around the world.