Goldman Sachs Merchant Banking Division Raises $4.4 Billion for Broad Street Senior Credit Partners II
May 22 2019 - 2:00PM
Business Wire
Goldman Sachs announced today that it has completed the final
close for its latest performing senior credit vehicle, Broad Street
Senior Credit Partners II (“Senior Credit Partners II” or the
“Fund”). The Fund has $4.4 billion of total capital available to
invest, including leverage.
Senior Credit Partners II is managed by the Private Credit Group
in Goldman Sachs’ Merchant Banking Division (“MBD”). Over its 20
year history, the Private Credit Group has raised over $80 billion
of capital to invest in performing corporate loans and mezzanine
securities.
“Senior loans are an attractive asset class that can hold up
well across market environments, particularly when focused on
investing in companies with strong underlying credit fundamentals,”
said Tom Connolly, the New York-based Global Head of the Private
Credit Group. “We’re pleased to be able to offer meaningful
corporate credit investment opportunities to individual clients
through this Fund as we have done for our institutional clients
through our Loan Partners family of funds.”
Senior Credit Partners II will pursue an investment strategy
consistent with prior senior credit investing vehicles, with a
primary focus on direct origination of performing senior corporate
credit in North America and Western Europe. Through the Fund as
well as other senior credit investing vehicles, the Private Credit
Group is able to provide borrowers with customized direct lending
solutions in size, flexibility across geographies and currencies,
certainty and speed of execution, and known terms. Opportunities
are sourced through MBD’s and Goldman Sachs’ global network of
relationships.
Senior Credit Partners II is intended to provide individual
clients of Goldman Sachs with access to the Private Credit Group’s
senior credit investing opportunities. The Loan Partners family of
funds will continue to provide institutions with access to our
senior credit investing opportunities. In 2017, Goldman Sachs held
the final close for Broad Street Loan Partners III, a $9.8 billion
fund, including leverage.
About Goldman Sachs Merchant Banking Division’s Private
Credit Group
Merchant Banking Division’s Private Credit Group has been a
leading investor in private credit for over 20 years and has raised
over $80 billion. Senior Credit Partners II is the fifteenth
commingled corporate credit vehicle managed by MBD since 1996. In
December 2018, Goldman Sachs’ private debt investing businesses
were ranked first in Private Debt Investor’s “PDI 50,” which ranks
managers by total capital raised over the last five years.
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 invested over $200 billion
across 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 individuals. Founded in 1869, the firm is
headquartered in New York and maintains offices in all major
financial centers around the world.
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Media:Leslie Shribman212-902-5400
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