Goldman Sachs Group Inc has closed its largest private equity fund since 2007 with $9.7 billion in capital commitments, according to a report by Reuters. The new fund will focus on investments in companies with an enterprise value of about $750 million to $2 billion.

West Street Capital Partners VIII will look to invest an average of $300 million in acquiring controlling stakes in companies in the financial and business services sectors, as well as healthcare, consumer, technology and climate change transition.

Investments made to date by the new fund include Norgine, a European pharmaceutical company, Nippo Corp, a road pavement company in Japan, and Parexel, a clinical research organisation.

Read more: Private Equity Wire