Goldman Sachs is cleaning up from the flotations of buyout funds and has made $110m (€87m) from listings by private equity groups Kohlberg Kravis Roberts and Apollo Management. It is set to make another large fee from the flotation of a $5bn vehicle owned by rival Texas Pacific Group.

The US bank's success with private equity funds in the past six weeks contrasts with its other activity in the sector. Last week it lost out to Spanish construction group Ferrovial in its £10bn (€14.4bn) bid to buy UK airports operator BAA.