The Credit Edge by Bloomberg Intelligence
Goldman Demystifies Private Credit; BDCs Go Public
Jan 18, 2024
Goldman Sachs aims to double its private credit business by demystifying direct lending. Business development companies (BDCs) are going public as valuations soar. Growth opportunities in Asia and leveraged finance are highlighted, along with the evolution of the corporate credit market.
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Quick takeaways
- Private debt needs to simplify its explanation to attract mainstream investors, focusing on corporate lending.
- Business development companies (BDCs) are rushing to go public due to soaring valuations, indicating market trends.
Deep dives
Evolution of Direct Lending at Goldman Sachs
Goldman Sachs has witnessed exponential growth in direct lending and private credit over the last three decades. With a focus on time-tested practices and a robust origination platform, the firm leverages its extensive network and collaboration across divisions to differentiate itself in the private credit market. By offering comprehensive capital and advisory solutions, including partnering with leverage finance colleagues, Goldman Sachs navigates the evolving landscape as direct lending expands.
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