Goldman Sachs racks up $21 billion for its largest private credit pool
The latest fundraising marks the fifth iteration of the firm's Loan Partners fund
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The latest fundraising marks the fifth iteration of the firm's Loan Partners fund
(Bloomberg) -- Goldman Sachs Group Inc. clinched a $43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40,000 Mark: Markets WrapSlovak Premier Fighting for Life After Assassination Attemp
The company's investment staff will join GSAM, following one of the largest OCIO mandates to date.
This is part of its global effort to make this area of business its 'central growth driver'. Read more at straitstimes.com.
Goldman Sachs' asset management arm plans to expand private credit portfolio to $300B in 5 years, raising $40B-$50B this year for alternative investments.