Blackstone Buys Goldman’s Student Dorm Business in $6 Billion Deal

The transcript discusses the dynamics of the private equity industry, focusing on Goldman Sachs and Blackstone's roles. It highlights Goldman's merchant banking division and its advisory role in transactions. The venture's valuation and exit strategy are explored, emphasizing the importance of private equity as a fee pool for the industry, with major banks like Bank of America and City involved.

What is the primary focus of Goldman's merchant banking division?

• Cryptocurrency

• Insurance services

• Private equity

• Retail banking

In what year did Goldman reportedly start focusing on the venture discussed?

• 2018

• 2010

• 2016

• 2020

What was the approximate valuation of the venture?

• $1 billion

• $2 billion

• $3 billion

• $4 billion

Which major banks were mentioned as being on the other side of the transaction?

• Bank of America and City

• Deutsche Bank and UBS

• JP Morgan and Wells Fargo

• HSBC and Barclays

Why is private equity considered important in the industry?

• It offers high liquidity

• It is a significant fee pool

• It provides low-risk investments

• It is government-backed