Goldman Sachs has recently closed a $10.5 billion fund hoping to capitalise on the credit-market shutdown, according to the Wall Street Journal. The fund, entitled GS Loan Partners, is said to make senior secured loans to companies. It will be run by Tom Connolly and Goldman and its employees will be among large investors, says the paper. The fund will make loans and hold them, and acquire loans in the secondary market.

Newsletter

November 2008
News: CDS players smell rat after Rentokil private issue; Discount rules halt CLO trading; Morgan Stanley sells CDPC to Magnetar
People: Banks downsize credit prop operations; BNP Paribas reorganises trading; Fast moves
Deals: Investors sniff potential for further triple A CLO widening; Australian investors hope for windfall pay-out
Funds: Big name partners attract funds for structured opportunities strategy; Lehman collapse and loan falls dent returns
Analysis: Lifting the lid on CDO performance; Structured credit outperforms 
Profiles: Viewpoint - Jonathan Trutter; Stanfield
Comment: Fishknife, Wolseley

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