Goldman Sachs is aiming for a bigger share of AI infrastructure funding

Copyright © HT Digital Streams Limited All rights reserved. AnnaMaria Andriotis, The Wall Street Journal 2 min read Oct 18, 2025, 7:00 am. IST Goldman’s Capital Solutions Group, created early this year, works to find or facilitate financing deals. (Bloomberg) Summary A new team will focus on deals to finance data centers and other artificial intelligence projects. Goldman Sachs is expanding its efforts into the hot market for financing data centers and other infrastructure, a move to capture a larger share of the AI ​​boom. The Wall Street giant is creating a team within its global banking and markets division that will focus on infrastructure financing worldwide, both by lending more to the sector and finding investors to buy that debt, according to people familiar with the matter. The effort is fueled by the new wave of multibillion-dollar deals financing artificial intelligence data centers, the massive amounts of power they need to run, and the processing units behind the AI ​​build-out. The new team will also focus on building or upgrading traditional infrastructure, ranging from toll roads to airports, in developed and emerging markets. Other areas that will fall under the new team: arranging financing for renewable energy and certain types of liquefied natural gas production that are in growing demand worldwide, and financing military and other equipment linked to rising defense spending in many countries. Goldman’s profits are increasingly driven by its growing presence in the world of finance. The company reports a large portion of the loans it arranges through what it calls FICC financing, where revenue surpassed $1 billion per quarter this year, up from $651 million in the first quarter of 2023. Goldman’s Capital Solutions Group, created earlier this year, works to find or facilitate financing deals. Goldman told employees on Friday it was making changes to the unit, including the creation of the infrastructure and real asset finance group. The team will be led by John Greenwood, according to a memo seen by The Wall Street Journal. The memo cited three other teams. Almost all of the changes are related to what Goldman bankers say is an increase in borrowing needs from governments and companies. The firm combines groups focused on providing financing to companies that originate mortgages and other consumer loans into a team that will be led by Steven Moffitt and Rajiv Kamilla. That team also provides financing to private equity firms that buy consumer loan balances. Separately, a private and alternative capital markets group will focus on arranging private loans instead of issuing public bonds for companies looking to take on debt. The Capital Solutions Group will also include the firm’s existing commercial real estate financing group. The two teams are led by Michael Voris and Miriam Wheeler respectively. Besides increasing income from loans, Goldman’s goal is to create more investment tools for asset and wealth management clients, according to people familiar with the matter. The firm also plans to continue to put some of this debt on its balance sheet and to sell other portions to insurance companies and the broader securitization market. Write to AnnaMaria Andriotis at [email protected] Get all the corporate news and updates on Live Mint. Download the Mint News app to get daily market updates and live business news. more topics #financing #AI Read next story