Goldman Eyes Fund of Up to $10 Billion to Seize on Market Rout
- Virus-stricken economy leaves companies desperate for cash
- ‘Everyone is drinking from the same fire hose,’ Salisbury says
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Goldman Sachs Group Inc. is looking to build a war chest of as much as $10 billion to put to work as a virus-stricken economy leaves companies desperate for cash to outlast the downturn.
The Wall Street firm, which has the biggest investing platform among its peers, is looking to raise a fund of $5 billion to $10 billion. If the vehicle meets that target, it plans to write checks of a few hundred million dollars and larger, said Julian Salisbury, head of Goldman’s investing division.