Mezzanine funds have outperformed other private debt strategies over the past five years

The lending arm of Goldman Sachs has collected at least $730m for its latest mezzanine fund amid strong investor appetite for the debt strategy, 

FN's sister publication Private Equity News reports

The first close of GS Mezzanine Partners VII was disclosed in a filing with the US Securities and Exchange Commission. Goldman Sachs declined to comment on the target for the fund raise.

Goldman Sachs holds first close on new mezzanine fund

William Louch

Goldman Sachs

Blackstone Group

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

Wall Street bets big on stablecoins: ‘Circle IPO proved that point’

Izzy Englander’s Millennium hits $14bn valuation amid talks over minority stake sale

Fiera Capital managing partner Catherine O’Reilly exits

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The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

Who is JPMorgan’s new UK private banking boss?

https://images.fnlondon.com/im-46763652?size=0.7

Maricé Brown is ‘JPMorgan through and through’ but is an unfamiliar name in the City

https://images.fnlondon.com/im-29422209?size=1

Jugakalpa Das’ six-member pod will start trading for Sumo in July

Junior bankers at Robert W. Baird say such long hours weren’t unusual for industrials team.

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

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