REVEALED: The 20 leaders in charge of the powerful Goldman Sachs merchant-banking division that’s raising $100 billion for a new alternatives push

  • Date: 03-Aug-2020
  • Source: Markets Insider
  • Sector:Economy
  • Country:Lebanon
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REVEALED: The 20 leaders in charge of the powerful Goldman Sachs merchant-banking division that’s raising $100 billion for a new alternatives push

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Goldman Sachs' merchant banking division has been ground zero for CEO David Solomon's push to build an alternatives investing powerhouse by attracting third-party funds. The firm is planning to raise at least $100 billion over the next five years from outside investors, including many public pension funds that haven't previously given their funds to Goldman. The strategy has meant a shift away from investing from its own balance sheet and required a combining of several disparate teams from across the company.While the merging of teams led to some turnover, the management team has stabilized in recent months. The following list includes the top 20 Goldman executives tapped to run the combined merchant banking division. Visit Business Insider's homepage for more stories.

Goldman Sachs' merchant banking division has been through a lot of change recently.

The business unit has been ground zero for CEO David Solomon's plan to pivot the company away from making private-equity style investments from its balance sheet in favor of raising outside money in a third-party fund structure.

The strategy shift required bringing a handful of disparate investing teams scattered around the bank under