The fund, Union Bridge Partners I, will work together with private credit firms and hedge funds and is part of Goldman's $340 billion External Investing...
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City - Goldman Sachs Asset Management said on Thursday it had raised over $700 million for a new fund that will work with external managers to identify investment opportunities in both public and private markets.
Wall Street banks are raising billions of dollars to regain lost ground in financing debt-backed deals after private equity firms and asset managers muscled into the business in recent years.The asset management arm of Goldman Sachs is looking to expand its private credit portfolio to $300 billion in five years, Reuters reported earlier this month.
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