Goldman Racks Up $21 Billion for Its Largest Private Credit Pool
- Popular asset class is helping the pivot from proprietary bets
- Firm targets $300 billion of such credit assets within 5 years
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Goldman Sachs Group Inc. has put together $21 billion for private credit wagers, its biggest war chest yet for Wall Street’s buzziest asset class.
The firm just closed the latest iteration of its direct-lending fund, drumming up firepower that includes fresh capital, borrowed funds and co-investments. That along with separately managed accounts will be put to use making more directly negotiated senior loans.