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This is one of the most popular businesses of Goldman Sachs, planning to double its size in five years, and opening up for some customers for the first time.
Asset-backed loans are one of Goldman Sachs' most popular businesses. According to media reports, the main cooperating customers are insurance companies, as these companies have a high demand for investing in such low-risk debts. Goldman Sachs plans to double its private credit asset management assets in the next five years, reaching $300 billion.