Goldman Raising $10 Billion Fund to Invest in LBOs
naked capitalism (Free subscription) | 24/07/2008
I must be missing something here. Not too long ago, Goldman was wiling to act as a principal in LBO financings for deals the firm did and would then syndicate the deal. Now admittedly that was the sign of a bull market peak, that an investment bank would take that sort of risk, but bear with me. The last cycle, when banks quit doing bridge loans, things reverted to the old model of deals going slower...
