Goldman Sachs (NYSE:GS) is looking to expand its reach in the data center and other infrastructure financing markets with a dedicated team, people familiar with the matter told The Wall Street Journal.
The banking giant is creating a team within its global banking and markets division, focusing on infrastructure financing across the world, both by lending more and finding investors to buy the debt, the October 17 report noted.
The new team is also expected to focus on the building or upgrading of traditional infrastructure, ranging from toll roads to airports, the WSJ noted.
The team is also set to work towards arranging funds for renewables and certain types of liquefied-natural-gas production and military and other equipment tied to defense spending in different countries, according to the report.