Asian Tech Press (Nov 11) -- Goldman Sachs will invest at least US$30 billion in alternative assets in Asia over the next five years after restructuring its operations and beginning to raise outside capital to outpace the investment giant aggressively, Bloomberg reported.

That means a doubling of investment in Asia to about $60 billion, with bets on technology startups, real estate, consumer and renewable energy, said Stephanie Hui, co-head of alternative investments at Goldman Sachs in the region.

Since 2003, Goldman Sachs has invested US$6.3 billion in Asian growth companies, Hui said, realizing a total return of 35 percent through June. According to a report by Bain & Co, the top quarter of funds in Asia have net returns of slightly more than 20 percent.