Goldman Sachs Asset Management plans to expand private credit portfolio to $300bn within 5 years.
Goldman Sachs Asset Management plans to expand its private credit portfolio to $300bn within five years, up from the current $130bn, according to senior executive Marc Nachmann. The expansion strategy will see at least a third of the $40-50bn it plans to raise for alternative investments this year dedicated to financing private credit strategies. Goldman's private credit aspirations are larger than its rivals Morgan Stanley, JPMorgan Chase, Wells Fargo and Citigroup.
March 12, 2024
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