Goldman Sachs Prepares to Go Big on Alternatives

Wall Street giant prepares to really take the plunge into Alts.

A Goldman Sachs alternative capital team will launch soon, according to a memo seen by Reuters. The firm said that it will form an alternatives capital markets and strategy group under its merchant banking division.

The report states that Chris Kojima and Michael Koester will lead the new team. They will also be responsible for capital raising and developing climate strategies around alternatives across Goldman Sachs. It is clear – with more money pouring into alternative investments – that Goldman Sachs sees this avenue as one ripe for revenue growth.

“This group will lead the coordination and expansion of our client engagements in alternatives, across both direct investing strategies and open-architecture strategies,” the memo said. It included signatures from Chief Executive David Solomon, President John Waldron, and Chief Financial Officer Stephen Scherr.

About the Goldman Sachs Alternative Capital Leadership

Chris Kojima previously held the role of global head and co-chief investment officer of the alternative investments and manager selection (AIMS) group. This position operated in the consumer and investment management division.

Michael Koester served as the chief commercial officer for the merchant bank. In this role, he led the team’s product development and commercial strategy.

Related: FireEye Is Seeking a Private Equity Buyer, Hires Goldman Sachs as Advisor

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