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Goldman Sachs Seeks $10 Billion Private Equity Funding from Kuwait

Deep News
Oct 27

According to informed sources, Goldman Sachs Group is in talks to secure a $10 billion mandate from the Kuwait Investment Authority (KIA) for its asset management division.

This move is part of the Wall Street investment bank's strategy to strengthen its private markets business and compete with larger institutions in the Middle East.

The sources revealed that Goldman Sachs has initiated discussions with KIA, with plans to receive the funds gradually over several years through multiple funds. Some sources indicated that the capital will likely be allocated primarily to Goldman’s private equity, credit, and infrastructure funds.

Representatives from both KIA and Goldman Sachs declined to comment on the matter.

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