NEW YORK - Goldman Sachs Merchant Banking Division is seeking up to $17 billion for private credit investments for senior debt financings and special situations transactions, according to documents from Connecticut’s state pension plan.
Loan Partners IV has raised approximately US$1bn from investors, excluding leverage, while WSSS I has raised approximately US$6.4bn, according to US Securities and Exchange Commission regulatory filings. Fund managers investing in direct lending and special situations are targeting more than US$124bn of the US$239bn being raised across private credit funds globally, as of July 2020, according to Preqin.
The Connecticut pension fund is considering a US$350m commitment to Goldman Sachs’ investment funds to manage across different credit strategies, including Loan Partners IV and WSSS I. The private credit allocation can include sub-strategies that invest in senior debt, junior debt, distressed debt and special situations, Wooden said.
ashes25166 also seeks billions of dollars