Senior executives at Goldman Sachs and JPMorgan Chase said they were focusing expansion efforts on their private placements businesses amid a broader feeding frenzy in capital markets. They are betting that the increase in fundraisings by private companies will prove to be more than a temporary boom.
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Wall Street banks push into Europe’s private capital markets
Aloke Gupte, JPMorgan co-head of equity capital markets for Emea, said: “Everyone has been so focused this year on IPOs and the public markets for obvious reasons — we’ve had a record year on pretty much every . . . product — but I think the strength in private capital markets is incredible.”
