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).