Goldman Sachs announced today that it has completed its final close for its latest real estate credit investment vehicle, Broad Street Real Estate Credit Partners III (“Real Estate Credit Partners III” or the “Fund”). The Fund has $6.7 billion in total capital available to invest, including leverage.

Real Estate Credit Partners III is managed by the Real Estate Group in Goldman Sachs’ Merchant Banking Division (“MBD”). MBD’s Real Estate Group has raised over $15 billion of commitments for investing in real estate credit since 2008.

“We are really pleased with the overwhelming support of our investors. It is a testament to their confidence in our strategy, talented team and successful track record in sourcing and executing attractive real estate credit investments,” said Alan Kava, the New York-based co-head of MBD’s Real Estate Group.

“We successfully added European-based investments during the prior Fund and we will continue to leverage our scale and our deep understanding of the various local real estate markets to provide customized solutions to borrowers across Europe and North America,” said Jim Garman, the London-based co-head of MBD’s Real Estate Group.

Peter Weidman, MBD’s Global Head of Real Estate Credit, added, “Real Estate Credit Partners III will pursue the same investment strategy that has proven so successful in our prior funds – focusing on direct originations of both senior and mezzanine loans secured by high quality assets in major markets. The Fund’s scale and flexibility allows us to be an originate-and-hold lender, providing highly customized loans from $100mm to in excess of $500mm throughout the US and Europe.”

About Goldman Sachs Merchant Banking Division

MBD is the primary center for Goldman Sachs’ long term principal investing activity, investing in equity and credit across corporate, real estate and infrastructure strategies. Since its founding over 25 years ago, MBD has raised over $180 billion for investment in these strategies. With nine offices in six countries around the world, MBD is one of the largest managers of private capital globally, offering deep expertise and long-standing relationships with companies, investors, entrepreneurs and financial intermediaries around the world.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

For Goldman SachsUS:Leslie Shribman, 212-902-5400orEurope:Joe Stein, 44 207 774 4080

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