Goldman Sachs AM Targets $13 Billion for Latest Junior Debt Fund

Goldman Sachs Asset Management is preparing a new mezzanine debt fund designed to profit from disruptions in credit markets, according to people familiar with the matter.

The fund, GS Mezzanine Partners IX, is expected to seek about $13 billion in investor commitments, the people added, asking not to be identified because the discussions are private. The firm has begun preliminary discussions with prospective investors ahead of a formal launch expected later this year, the people said.