Goldman Sachs has launched a new unit to help it expand further in the fast growing world of private credit. The investment bank said Monday it had combined three businesses within its global banking and markets unit to create the new Capital Solutions Group, which will aim to increase Goldman’s reach in private credit, private equity and other asset classes.
Capital Solutions will encompass the financial sponsors team that provides investment banking services to private equity firms; global financing, which finds investors to provide capital for deals; and part of what Goldman calls FICC financing team that makes loans tied to collateral to other lenders, including private credit funds, the Wall Street Journal reported.
