Goldman Closes CRE Credit Fund at $4B

NEW YORK CITY—Goldman Sachs has closed Broad Street Real Estate Credit Partners II at more than $4 billion, the investment bank said Wednesday morning. It plans to extend credit to borrowers in Europe as well as the US, the first time Goldman’s merchant banking division has done so through such a fund.

“The flexibility to invest across the capital structure and against all major asset classes is a distinct competitive advantage in creating unique financing solutions for our borrowers,” says Peter Weidman, a managing director with the MBD, who will oversee RECP II. “Since our first closing, we have already invested over $500 million and we continue to see an attractive pipeline of investment opportunities in both the US and Europe.”