Goldman Sachs is making changes to its $110 billion private credit unit, aiming to double its size in the medium term. This move comes as private credit becomes a hot asset class, with firms like Blackstone and Apollo competing for business and assets approaching $1.5 trillion. The reshuffling is overseen by the global head of asset and wealth management. The shift is part of Goldman's retreat from consumer banking, as it focuses on expanding its private credit business.
"*GOLDMAN REJIGS PRIVATE CREDIT MANAGEMENT, AIMS TO DOUBLE ASSETS" @markets | Scary given $GS credit performance to date....
Goldman Reshuffles Private Credit in Bid to Double Assets https://t.co/TfSJV93H29
Private credit has gone from a backwater to the hottest asset class of 2023 with firms like Blackstone and Apollo jockeying for business, and assets approaching $1.5 trillion. Is Wall Street’s latest lending boom heading for trouble? https://t.co/99HiZBxYC5
Goldman hopes to double private credit business as it retreats from consumer banking https://t.co/lmjZb9nhDv by @DsHollers
Goldman Sachs is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management. https://t.co/dAdhoyqf4s
Goldman Sachs is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management. https://t.co/L6XLJG2vTK