Goldman Sachs raises more than $20 bln for direct lending

May 29 (Reuters) – Goldman Sachs Asset Management’s alternative investments platform said on Wednesday its latest fund had raised more than $20 billion for senior direct lending.

The fund, West Street Loan Partners V, is targeting to back private equity-backed global businesses and has already invested or committed $4 billion across 37 portfolio companies to date.

Direct lending is a key part of private credit, which has boomed in recent years, as non-bank entities face fewer regulatory hurdles than traditional lenders.

Source: REUTER