• 24 Jul 2008 at 4:29 PM

Goldman’s New Buyout Debt Fund

By John Carney

Goldman Sachs raising $10 billion to build a senior debt fund, according to Henny Sender. The fund will buy senior loans, complimenting the mezzanine fund Goldman already has in place. It also seems that Goldman may use the fund to originate buyout loans, allowing it to commit to financing deals in a market where many investors have shied away.
Interestingly, the fund will be operated by Goldman’s private equity arm, rather than its lending unit, Goldman Sachs Capital Partners, according to the report.

Goldman fund to invest in loans behind LBOs [Financial Times]

Comments (7)

  1. 1
    Posted by guest | July 24, 2008 at 5:46 PM

    Um, GSCP is Goldman’s private equity arm.

  2. 2
    Posted by WillieBanks | July 24, 2008 at 5:59 PM

    Guest, there is no mistake. Had Carney not put the comma between “unit” and “Goldman Sach Capital Partners”, then he would have made a mistake. He’s saying the PE arm is GSCP.

  3. 3
    Posted by guest | July 24, 2008 at 6:02 PM

    GS will always have more conflicts of interest than even they can count. Yes, I know, GS counted to infinity …. twice.
    Hope to live long enough to see the curtain thrown back on the evil empire.

  4. 4
    Posted by guest | July 24, 2008 at 6:21 PM

    @5:46–”Um, Mouton-Rothschild IS a claret.”

  5. 5
    Posted by guest | July 24, 2008 at 6:39 PM

    its “complement” clown

  6. 6
    Posted by guest | July 24, 2008 at 7:17 PM

    WillieBanks, it’s 5:46 here (trust me!). Wouldn’t it then have said “…the fund will be operated by Goldman’s private equity arm, Goldman Sachs Capital Partners, rather than its lending unit…”?
    Carney, can we get a ruling?

  7. 7
    Posted by guest | July 24, 2008 at 8:05 PM

    Yeah what’s with this shitty grammar Carney, this is the last straw shitface! Go back to college!

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