Aug 8, 12:01 PM

Goldman Sachs Expands Asset Management with Private-Credit Loans; Hires BlackRock Executive, Daiwa to Launch 300 Million Yen Property Loans

Goldman Sachs is expanding its asset management division by providing select clients access to its asset-backed loans, a move aimed at nearly doubling its private-credit assets over the next five years. The initiative is part of a broader strategy to increase its lending capabilities, particularly targeting insurance companies. This development follows the recent hiring of a BlackRock pension executive to enhance Goldman’s asset management operations. Meanwhile, Daiwa Securities in Japan plans to launch property loans for real estate investments starting in October, with an initial offering of 300 million yen (approximately $2 million).

#Goldman Sachs #BlackRock #Daiwa Securities #Japan

Written with ChatGPT (GPT-4o mini).

Sources

Forbes@Forbes
2 years ago
This $2 Billion Nepo-Advisor At UBS Likes Private Credit https://t.co/PNOwdRfDBf
Reuters Business@ReutersBiz
2 years ago
Lazard hires Guggenheim banker Haydon for private equity dealmaking, source says https://t.co/FXlJNkSnfD https://t.co/ilDWrA30kg
Top Rank Capital@toprankcapital
2 years ago
Goldman Sachs is doubling down on private-credit assets by offering clients access to its lucrative asset-backed loans, aiming to expand its asset management division despite the market's inherent risks. https://t.co/ypVt9jo59Q

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