Goldman Sees Financing as the Future. It Is Rearranging Itself to Reflect That.

New group to capitalize on a surge in private credit, anticipated boom in private-equity deals

- Annamaria Andriotis

Goldman Sachs has ambitions to be one of the biggest players in the increasingly competitive world of financing. Its new structure aims to make that clearer.

The Wall Street giant said Monday it is combining three key groups in its global banking and markets division that work on finding or facilitating various types of financing deals. Goldman plans to call the new group the Capital Solutions Group.

It will include the financial-sponsors team that provides investment-banking services to private-equity firms, the global financing group that finds investors to provide capital for deals and a big chunk of what the company calls its FICC financing team that makes loans tied to collateral to other lenders, including private-credit funds.

It is also creating a team within Capital Solutions that will focus on finding alternative sources of financing, especially for its corporate clients.

The combined group will remain part of global banking and markets, one of Goldman's two major divisions alongside asset and wealth management.

The Wall Street Journal first reported on Goldman's plans earlier Monday.