“As more companies opt to stay private for longer and a greater share of economic growth occurs in private markets, investors will need to look beyond the public markets,” Kristin Olson, global head of alternatives for wealth at Goldman, said in the statement.
Goldman Sachs Group is expanding its private equity offering to wealthy individuals across Wall Street and beyond, in the latest sign of investment firms gradually broadening access to the much sought-after private markets.
The New York-based investment bank is launching an open-ended private equity fund named G-PE, which will offer access to deals from its buyout, growth, secondary and co-investment strategies, according to a statement Wednesday.
