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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Goldman Sachs Group Inc | NYSE:GS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 7.28 | 1.68% | 439.8548 | 442.30 | 434.92 | 435.00 | 2,406,250 | 01:00:00 |
From May 2019 to May 2024
By Justin Baer and Liz Hoffman
A senior Goldman Sachs Group Inc. banker is joining forces with two private-equity veterans to form a new credit fund, people familiar with the matter said.
Craig Packer, Goldman's co-head of leveraged finance in the Americas, will leave the Wall Street firm to work with Marc Lipschultz, head of energy investments at KKR & Co. LP, and Doug Ostrover, who helped found GSO, a credit-investment firm now owned by Blackstone Group.
The new venture, called Owl Rock Capital, will be based in New York. The launch of the fund was reported earlier, but not Mr. Packer's role.
Mr. Packer joined Goldman in 2006 and was named a partner two years later. On Wednesday, the firm's top investment-banking executives sent a memorandum to employees announcing Mr. Packer's decision to retire.
Mr. Lipschultz is himself a Goldman alumnus.
Write to Justin Baer at justin.baer@wsj.com and Liz Hoffman at liz.hoffman@wsj.com
(END) Dow Jones Newswires
February 04, 2016 19:01 ET (00:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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