Goldman Sachs is building a new team to capture the flood of capital pouring into the AI infrastructure push.
According to a memo cited by The Wall Street Journal, the bank is forming a team within its global banking and markets division focused on financing data centers, energy systems and other large-scale assets tied to the AI economy.
People familiar with the plan say the team will structure loans and attract investors for AI-related infrastructure projects, including power-hungry data centers, renewable energy installations and liquefied natural gas production.
On top of the AI buildout, the new group will also finance the upgrading or building of toll roads, airports and other infrastructure projects in emerging economies, while supporting defense spending in a number of countries.
The new infrastructure and real-asset finance group will be led by John Greenwood and will work closely with Goldman’s Capital Solutions Group, which was established earlier this year to arrange complex financing transactions.
Last week, Goldman Sachs executive Ashok Varadhan said the AI trade still has room to run despite signs of investor exuberance. The co-head of Global Banking & Markets at Goldman Sachs noted that the current AI-driven market cycle represents a long-term structural shift rather than a passing fad.
“I think the trade is to stay invested, but I would definitely use sort of this low level of volatility to find ways to protect yourself with convexity.”
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