The private sale is stuck in a deadlock, and Goldman Sachs has found a profitable path.

On September 3rd, Jin10 reported that it is seeking to seize opportunities to assist private equity clients who are trapped in the "invested but difficult to exit" dilemma. The bank's asset management business is raising several of its largest funds, aimed at providing support to cash-strapped private companies and their portfolio enterprises. In the current environment of low M&A and IPO activity, many private equity firms are struggling to return funds to their investors and are working to alleviate the resulting liquidity crisis. According to informed sources, Goldman Sachs is currently engaging with investors to promote a fund with a scale of $10 billion, which will offer a "hybrid capital" financing solution combining equity and debt. These funds essentially provide additional financing to companies controlled by private equity firms, which can then reverse the funds back to the parent company in the form of dividends, thereby helping private equity funds achieve partial exits or return capital to investors. Additionally, Goldman Sachs is also advancing the fundraising of a $15 billion flagship secondary market fund. This fund will invest in private equity holdings and "continuation vehicles," allowing private equity funds to extend the holding period of their investments.