Goldman Sachs Embarking On Buyout Blitz

关注私人equity funds and hedge funds acting like p.e. funds:Goldman Sachshas announced a one-two punch that it hopes will help become a bigger player in the lucrative buyout market. The first prong of its strategy involves the reopening of its $3.5 billion infrastructure in order to raise a total of $6 billion by the end of the year, according to aUBSresearch report. After a meeting last summer between UBS analystGlenn Schorrand GS management, Schorr wrote, “the level of management enthusiasm for expansion into infrastructure has increased.” In the second prong, Goldman Sachs intends to prove its serious intentions to gain a bigger share in the buyout market by bringing aboard seven bankers for its global leveraged finance and high-yield bonds practices to be ready, willing and able when private equity firms come a-knocking in search of debt financing. The new arrivals come with impressive pedigree:Craig PackerfromCredit Suissewill be managing director of high-yield capital markets;Kevin LockhartfromMorgan StanleyandJeff AbtofMerrill Lynchas managing director in leveraged finance and loan capital markets, respectively. In addition, the four new loan capital markets v.ps. areSheila MacGillicuddyfromMerrill Lynch, Grant MoyerfromBank of America, andJohn CarronandJeff Kelly, both of Morgan Stanley.