Goldman Sachs’ asset management division focuses on Japan

Goldman Sachs’ asset and wealth management head Marc Nachmann plans to expand investments in Japanese businesses and real estate. Goldman’s revamped asset management division, launched in 2022, focuses on growth amid challenges in other sectors. Despite competition, Goldman capitalises on its investment banking network for deal flows, notably in private credit. It recently funded significant acquisitions, including in the UK veterinary-drug market. Nachmann sees Japan as a lucrative market, with opportunities in technology and real estate. Goldman’s recent Japanese investments include partnerships in Nippo and Accordia Golf. A new fund targeting private credit and non-public assets in Japan is slated for 2024, aiming at institutional and affluent individuals. Despite some high-profile team departures, Nachmann underscores Goldman’s stability, long-term presence in Japan.