Goldman Sachs is planning to increase its presence in the growing private credit market. The investment bank aims to deepen its exposure to this sector, which has seen significant growth in recent years.
Private credit refers to loans given to companies and individuals with lower credit ratings or those that are not yet listed on public markets. Goldman Sachs sees potential for long-term returns and is likely to expand its offerings in this area.
The move comes as the private credit market continues to boom, driven by low interest rates and increased demand for alternative investment opportunities. Other major financial institutions are also moving into this space, recognizing the potential for strong returns and diversification benefits.
Goldman Sachs’ decision to enter the private credit market further highlights the bank’s efforts to adapt to changing investor needs and expand its product offerings.
Source: https://www.ft.com/content/a1a571d3-2de6-4395-8fc1-ff9b978f4453