Reuters - Goldman Sachs Sets Up Fund for Risky Credit Products
Goldman Sachs Group Inc. has registered a fund that invests in risky credit products as a publicly traded business development company, a way for the bank to avoid some regulations that would otherwise limit its activity. Goldman's Liberty Harbor Capital LLC unit will invest in middle-market companies that have weak credit ratings and are underserved by banks, according to a registration filing on Friday with the U.S. Securities and Exchange Commission. Liberty Harbor typically invests in bonds and loans that are not rated by credit ratings agencies, but would be considered less than investment-grade.
2 April 2013•2 mins read
