Finance

Goldman Opens Up Private Equity Deals to Rich Individuals

Goldman’s offering aims to challenge larger private-market rivals.

Photographer: Michael M. Santiago/Getty Images
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Goldman Sachs Group Inc. is expanding its private equity offering to wealthy individuals across Wall Street and beyond, in the latest sign of investment firms gradually broadening access to the much sought-after private markets.

The New York-based investment bank is launching an open-ended private equity fund named G-PE, which will offer access to deals from its buyout, growth, secondary and co-investment strategies, according to a statement Wednesday.