Goldman Sachs in Talks for $10 Billion Deal with Kuwait Investment Authority
Goldman Sachs is reportedly close to securing a $10 billion deal from the Kuwait Investment Authority (KIA) for its asset management division.
Details of the Deal
According to Bloomberg, the money would be invested over several years through different funds managed by Goldman Sachs. These would focus on private equity, credit, and infrastructure projects.
This potential deal is part of Goldman’s plan to grow its private markets business and depend less on income from trading and investment banking.
Under CEO David Solomon, Goldman has been shifting more resources toward alternative investments, such as private credit and real estate.
Growing Presence in the Gulf
Goldman’s talks with KIA come as the bank strengthens its footprint in the Middle East. Earlier this month, it opened a new office in Kuwait to expand its work with sovereign wealth funds and institutional investors in the region.
About the Kuwait Investment Authority
KIA is one of the world’s largest sovereign wealth funds, managing about $800 billion in assets, mostly earned from Kuwait’s oil revenue.
Kuwait’s Commitment to US Investments
In May, KIA’s Managing Director Sheikh Saoud Salem Abdulaziz Al-Sabah said the fund remains strongly committed to investing in the United States. He warned that investors who reduce their exposure to the US do so “at their own risk.”
His remarks came as some investors around the world cut their US holdings over fears that former President Donald Trump’s trade policies might slow growth and cause long-term economic harm.
Al-Sabah stressed that Kuwait has been investing in the US “for a long time” and that this “won’t change.”
This statement followed Moody’s downgrade of the US credit rating in May due to concerns about the country’s $36 trillion debt, which raised borrowing costs and investor caution.
Al-Sabah added, “Investors are focusing too much on stock markets. They forget that the US also has the world’s biggest fixed income, private equity, real estate, and infrastructure markets.”
Looking Ahead
During Goldman Sachs’ third-quarter earnings call, CEO Solomon said the firm aims to raise $100 billion in alternative assets this year — including private credit, real estate, and hedge funds — exceeding its earlier goals.
Published: 29th October 2025
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