Pallas Capital Secures Major $500M Refinancing from Goldman Sachs
Non-banking lenders are gaining a huge momentum, as businesses across diverse verticals are in search of alternative financial solutions beyond the conventional banking. Identifying these notable shifts propelled Goldman Sachs to enter into a strategic collaboration with Pallas Capital , a prominent non-banking lender focused on commercial real estate financing. The Wall Street giant moves to refinance Pallas Funding Trust No. 2 of Pallas Capital's $500 million worth of an asset. It helped reinforce the lender's capacity to support the medium-sized borrowers who encountered challenges in securing funding from major banks. This massive partnership strengthened the foothold of Pallas Capital in the Australian market while projecting the evolving role of the institutional capital to shape the future of non-banking lender. Goldman Sachs Enters the Non-Bank Lending Market Goldman Sachs has offered $280 million to Pallas Capital. It helped the non-bank lenders repay Ares Management C...