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November 11, 2021

Goldman Sachs plans $30bn investment into Asian alternative assets

By Verdict Staff

Goldman Sachs is reportedly planning to double its investments in Asia by injecting at least $30bn into alternative assets over the next five years.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

According to a Bloomberg report, the move is aimed to overtake rivals such as KKR and Blackstone by initiating an ‘aggressive campaign’ to bring in outside funds.

Goldman co-head of alternative investing in Asia Stephanie Hui told the publication that the infusion would double its investments in Asia to $60bn.

Primarily, the bank aims to focus on real estate, technology start-ups, consumer and renewable energy.

Goldman’s alternatives group usually invests between $50m to $100m equity in start-ups. It helps in gaining significant minority holdings through multiple rounds.

The firm has invested $6.3bn in Asian growth companies since 2003. This has generated a realised gross return of 35% as of June, according to Hui.

Goldman currently employs around 160 investment professionals across private equity, credit and real estate business in Asia.

The firm is planning to increase this headcount by 10% next year, Takashi Murata, who co-heads the group with Hui, told Bloomberg.

In July this year, the American investment giant said it is planning to hire more employees in India by 2023 as part of a plan to scale up operations globally.

Earlier this year, Bloomberg reported that the firm had been ramping up its employee headcount in mainland China and Hong Kong in the first four months of the year.

The report said that the firm was in the process of recruiting 320 staff, including 70 resources to focus on investment banking coverage.

In this March, Goldman Sachs unveiled plans to hire around 100 new people in Singapore, a move that will increase its headcount in the Southeast Asian financial hub to over 1,000.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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