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Goldman Sachs Plans to Squeeze Size of New Class of Partners

Goldman Sachs headquarters stands in New York.

Goldman Sachs headquarters stands in New York.

Photographer: Jeenah Moon/Bloomberg

Goldman Sachs Group Inc.’s new class of partners may be the smallest since the firm went public in 1999.

The number of executives rising to the firm’s top rank could drop below 60, down from 84 as recently as 2016, according to a person with knowledge of the matter. Chief Executive Officer David Solomon has previously said he’s trying to limit the partnership ranks to restore the exclusivity of the group.