HONG KONG: Goldman Sachs Group Inc is set to plow at least US$30bil (RM124.90bil) into Asian alternative assets over the next five years after revamping its operations and starting an aggressive campaign to raise outside funds in a bid to overtake investment giants such as KKR & Co and Blackstone Inc.
In Asia, that means doubling investments to about US$60bil (RM249.80bil), betting on technology startups, real estate, consumer and renewable energy, said Stephanie Hui, the bank’s co-head of alternative investing in the region.
