“Based on our track record, there is an opportunity to raise additional third-party funds across equity, credit and real estate,” Goldman Chief Executive David Solomon told analysts earlier this year. “We have a world-class alternative investing franchise, which has generated strong returns over three decades [and] presents us with extraordinary opportunities to partner with clients to invest their capital alongside our own.” In a memo to employees last week entitled “Our Forward Strategy,” Mr. Solomon said growing the bank’s alternative asset-management business is a priority.

https://www.wsj.com/articles/goldman-sachs-opens-up-in-house-money-maker-to-outside-investors-11552405561?mod=searchresults&page=1&pos=6