Goldman Sachs Group Inc. promoted several key executives and combined teams in its banking and markets division to form a capital solutions group, which it said will bolster financing products it can offer clients.

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Reuters

United Kingdom

Goldman Sachs creates new team to boost focus on financing

Goldman Sachs is creating a new team that will enhance its focus on financing mega deals and providing loans to corporate clients, as the Wall Street giant looks to grab a bigger slice of the lucrative private credit market.

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The Woodbridge Company

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

Goldman Promotes Executives to Run Combined Financing Team

The new division, called Capital Solutions Group, will be a part of the investment bank’s global banking and markets unit

The Globe & Mail

Canada

Pete Lyon and Mahesh Saireddy will lead the new unit

Fortune

Chatchaval Jiaravanon

New York

Goldman creates Capital Solutions Group in push to expand private credit business

New group to capitalize on a surge in private credit and anticipated boom in private-equity deals

Wall Street Journal

Murdoch family

Goldman Sees Financing as the Future. It Is Rearranging Itself to Reflect That.

Goldman Sachs plans to merge three businesses to strengthen its global financing presence, forming the Capital Solutions Group.

Seeking Alpha

Goldman Sachs to merge three units to focus on financing deals

Bank plots go-it-alone entry into competitive area of finance as rivals seek partnerships with funds

Financial Times

Nikkei Inc.

London

Greater London

England

Goldman Sachs creates new group to better meet demand for private credit

Goldman Sachs on Monday announced plans to combine key business segments under a single unit named 'Capital Solutions Group,' to grow in private credit, private equity and other asset classes.

BizToc

Goldman Sachs announces plans for new capital solutions unit

Goldman Sachs on Monday announced plans to combine key business segments under a single unit named 'Capital Solutions Group,' to grow in private credit

Zawya

Chairman & CEO David Solomon calls private credit's growth “one of the most important structural trends taking place in finance.”

Goldman Sachs creates new team to boost focus on financing

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