Goldman seen going on $19B shopping spree

NEW YORK (CNNMoney.com) -- A new private-equity fund by investment bank Goldman Sachs is expected to bring in as much as $19 billion, putting it in the same league as some private equity heavyweights, according to a report published Friday.

The fund, Goldman Sachs Capital Partners VI, would be its largest fund to date and the largest of its type offered by a Wall Street firm, the Wall Street Journal reported.

Goldman Sachs (up $0.00 to $213.90, Charts) said in its marketing materials it will look for acquisitions between $200 million and $800 million in addition to partnering with some other private equity funds on some large-cap deals, according to the paper.

The fund would also put the company in the same league as private equity giants as Blackstone Group and Kohlberg Kravis Roberts & Co, which are expected to soon close funds totalling $20 billion each, the Journal reported.

But such a fund does pose conflicts for firms such as Goldman, as the company could find itself competing with private equity business partners and clients it advises, according to the paper.

Wall Street firms such as Merrill Lynch & Co. (Charts), Morgan Stanley (Charts) and Citigroup (Charts) have had a growing interest in private equity as they are typically more profitable than serving as an advisor.

Private equity's PR problem