Goldman (GS) Eyes Private Credit Portfolio Expansion to $300B

The Goldman Sachs Group, Inc.’s (GS) asset management arm plans to expand its private-credit portfolio to $300 billion by 2029 from the present $130 billion. This was first reported byReuters, citing an interview with the company’s management.“People are very much focused on executing our strategy around the two big businesses and are very comfortable around the direction of the firm,” management remarked.At present, investment banking and trading account for around 70% of Goldman’s revenues. The company an ...