According to a Financial Times report released yesterday, Goldman Sachs has raised $10 billion to create a fund that will invest in loans used to back leveraged buyouts. Goldman will use the fund to buy senior loans, or those that are paid off before other debts. The massive ibank already has a $20 billion fund that invests in mezzanine debts, paid after the senior debt. The report also stated that by using the two funds, Goldman can commit to financing deals on its own without having to recruit outside investors for the debt.  

 

Reference Source: Financial Times