Home / Business News / Goldman Sachs to Combine 4 Units And Plan to Raise Money


Goldman Sachs Group (GS) plans to combine four separate units that invest in private companies, real estate and other hard-to-access deals, create a new unit and plan a fundraising blitz, according to people familiar with the matter, cited by the Wall Street Journal.

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The division’s exact makeup will take shape over the next few months, but it is likely to have around $140 billion in assets, the story said.

The core of the new division, people familiar with the matter said, will be Goldman’s existing merchant-banking arm, which has about $100 billion invested in private assets. Joining it will be Goldman’s special-situations group, an opportunistic portfolio of about $30 billion, as well as the bank’s strategic investing group, which makes smaller bets on financial-technology startups, the WSJ wrote.

The new division will also include some real-estate and private-equity groups, it said.

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