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Goldman Sachs secures 1 billion for climate credit investment strategy
Goldman Sachs Alternatives has raised $1 billion for a private credit strategy aimed at climate and environment-related businesses, focusing on senior loans while addressing a supply-demand imbalance in sustainable investments. The firm plans to raise up to $3 billion, targeting net returns of 8-10% for levered deals and 13% for unlevered deals, primarily in North America and Europe. This initiative follows a trend in sustainable credit, with other firms also raising significant funds for climate-focused projects.
Goldman Sachs launches billion dollar climate credit strategy for sustainable investments
Goldman Sachs Asset Management has launched a new private credit strategy focused on climate-related businesses, attracting $1 billion in commitments. This strategy, managed by Goldman Sachs Alternatives, targets senior debt and aims to address the supply-demand imbalance in private debt for sustainable investments. With $125 billion in assets under management, the firm seeks to partner with leading companies to enhance performance for clients.