Goldman Sachs boss David Solomon mentioned he expects the agency to lift over $70bn (£54.2bn) for various investments in 2025, and highlighted the expansion of personal credit score as “some of the vital structural developments in finance at the moment”.
In a letter to shareholders to accompany the Wall Avenue behemoth’s annual report, Solomon famous the fast development of personal property, prompting the agency to launch its Capital Options Group earlier this yr to serve that market extra successfully.
“The mix of a preeminent company franchise with a globally scaled investing platform permits us to establish probably the most compelling alternatives for our investing purchasers throughout non-public credit score, non-public fairness and different property,” he mentioned.
The Capital Options Group, first unveiled on 13 January, will mix and develop the agency’s suite of financing, origination, structuring and danger administration resolution actions in its world banking and markets division.
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“Whereas the Capital Options Group sits inside International Banking and Markets, the flexibility to supply these non-public asset alternatives supplies each vital capital for our banking purchasers and distinctive investments for our asset administration and wealth administration purchasers,” Solomon mentioned within the letter.
Moreover, the letter highlighted development in Goldman Sachs’ asset and wealth administration division final yr, leading to administration and different charges exceeding $10bn.
Inside options, Goldman Sachs is scaling its flagship fund programmes and growing new methods, Solomon mentioned.
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“We stay targeted on penetrating the institutional shopper base and increasing our wealth channel,” he added. “We achieved over $70bn in options fundraising in 2024, and we count on fundraising in 2025 to be in keeping with ranges achieved in recent times.”
Goldman Sachs noticed its revenues rise by 16 per cent year-on-year to $53.5bn final yr, whereas earnings per share grew by 77 per cent to $40.54.
