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Goldman Sachs in talks with Kuwait Investment Authority for $10bn โ report
Yahoo Financeยท 2025-10-28 13:34
Core Viewpoint - Goldman Sachs is in discussions with the Kuwait Investment Authority for a $10 billion investment mandate aimed at enhancing its private markets strategy in the Middle East [1][2]. Group 1: Investment Details - The investment is expected to be allocated across various Goldman Sachs funds, focusing on credit, private equity, and infrastructure [2]. - The completion of the investment by KIA is not guaranteed at this stage [2]. Group 2: Regional Expansion - Goldman Sachs has recently expanded its operations in the Gulf region by opening a new office in Kuwait, which is part of its strategy to increase its presence in the Middle East [3]. - The firm's private assets under supervision currently total $374 billion, indicating a focus on growing this segment [3]. - In 2023, Goldman Sachs also opened an office in Abu Dhabi and obtained a regional headquarters license in Saudi Arabia, further solidifying its regional footprint [4].