The Goldman Sachs Group, Inc.‘s (NYSE:GS) Asset Management arm reportedly plans to expand its private credit portfolio to $300 billion in five years from $130 billion presently.
Marc Nachmann, global head of asset and wealth management, stated that the bank plans to raise around $40 billion to $50 billion for alternative investments this year, of which at least a third will be used for financing private credit strategies, reported Reuters.
Nachmann added that the asset management arm has several strategies for private credit for different tiers of investors in companies who get paid back depending on the type ...