Goldman Sachs Group, Inc. (NYSE:GS) aims to expand its private credit portfolio from $130 billion to $300 billion in five years. Marc Nachmann, global head of asset and wealth management, announced plans to raise $40-$50 billion for alternative investments this year, with a significant portion allocated to private credit strategies. The expansion is part of a broader strategy to improve return on equity and grow the wealth management business, particularly focusing on ultra-high-net-worth clients in Europe and Asia.