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Goldman Sees Private Equity Firms Bracing for a Downturn

Bloomberg business news
Goldman Clients Want to Make Larger Deals, Investment Banking Chair Says

Private equity firms are bracing for a downturn and putting in safeguards to limit their downside risk.

“Every one of our clients is focused on being prepared for a recession,” Alison Mass, Goldman Sachs Group Inc.’s chairman of investment banking, said Tuesday in a Bloomberg TV interview.