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.)
Price: 596.95, Change: -3.32, Percent Change: -0.55
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.