The Goldman Sachs Group, Inc selected Williams Capital, a wholly-owned subsidiary of The Williams Capital Group, L.P., to manage USD1 billion of U.S. treasury and government agency securities.
The investment will provide Williams Capital with a significant increase in its assets under management. Because many prospective investors require that managers have a minimum amount of assets under management before they invest, this investment is expected to be very significant in helping Williams Capital grow its business.
Goldman Sachs investment will enable us to bring our conservative investment strategies to a wider group of prospective clients who had previously been unable to consider investing with us, says Chris Williams, CEO of The Williams Capital Group.
Our balance sheet is very liquid. Chris brought us a timely proposal that helps us manage our liquidity position while also providing the added benefit of helping Williams Capital grow its asset management business, says Liz Beshel, treasurer, Goldman Sachs. We look forward to continuing our long-standing relationship with Chris and his team.
L.D.