Goldman Sachs (GS) is looking to raise capital for a secondary market fund, which will help investors exit their investments in buyout funds, Bloomberg reported Monday, citing sources close to the matter.
The bank's asset management division is looking to surpass $14.2 billion, which it had raised for the ninth iteration of this fund, the news report said.
Goldman didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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