Goldman Sachs Expands Private Credit Offering

(14 January 2025 – United States) Goldman Sachs has launched a new Capital Solutions Group combining financing, origination, structuring and risk management solutions to expand its private credit and private equity offering.

The division will be led by Pete Lyon, currently global head of the Financial Institutions Group, and Mahesh Saireddy, currently global head of Mortgages and Structured Products. The Wall Street major will also grow the alternatives investment team in its Asset & Wealth Management division according to a press release.

PYMNTS reports that the private credit market is growing rapidly, with the International Monetary Fund (IMF) estimating that it now exceeds US$2 trillion leading to the US Treasury Secretary warning of systemic risks.

“Our strategy and core franchise strengths position Goldman Sachs to operate at the fulcrum of one of the most important structural trends taking place in finance: the emergence and growth of private credit and other asset classes that can be privately deployed” stated Goldman Sachs Chairman and CEO David Solomon.

“There is significant demand from our investing clients for private credit and private equity, from investment grade and leveraged lending to hybrid capital and asset-backed finance as well as equity.”