Goldman Sachs’ global head of asset and wealth management Marc Nachmann has said that he expects to see more regulatory focus on private credit in the near future, as the market grows.
In an interview with Bloomberg Television in Sydney today (24 March 2025), Nachmann said that he intends to spend more time with regulators regarding its private markets work.
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He noted that private credit and secondaries have been the two fastest growing areas globally for the bank in the last year, and added that the rapid growth of these sectors has inspired regulators around the world to “get their arms around” the industry.
“We continue to think private markets are really attractive,” Nachmann told Bloomberg Television.
“On the alternatives side we view ourselves as a top-five player and we see ourselves as possibly becoming a top-three player.”
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Goldman Sachs boss David Solomon recently said that he expects the firm to raise over $70bn (£54.2bn) for alternative investments in 2025, and highlighted the growth of private credit as “one of the most important structural trends in finance today”.
Nachmann added that the firm has also been growing its wealth management business in Australia “materially” in the last two years as it continues to grow its geographical footprint.
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