Goldman Sachs is expecting to raise more than $60 billion in alternatives fundraising in 2024, boosting its target by 20 percent. With the past two years of rising interest rates, alternative fundraising has become an attractive form of investing. Strategies focused on the surging demand in credit markets allow Goldman Sachs to feel assured about reaching that goal.
“We remain confident in our ability to grow these more durable revenues at a high single digit pace over the coming years, and alternatives fundraising remains strong. We raised over $50 billion year-to-date, and now expect 2024 fundraising to exceed $60 billion, as we see ongoing demand across asset classes, including private credit, private equity, secondaries and infrastructure,” said Goldman Sachs chairman and CEO David Solomon in a recent conference call discussing third quarter earnings.
“We are a leading player in private credit, with $140 billion of private credit assets and growing and invest
