Latest banking news, November 4, 2022

Goldman Sachs partners Alan Kava and Chris Crampton will retire from the company at the end of the year, according to memos seen by Bloomberg News. Kava, 57, based in New York, joined the firm in 1997, becoming a managing director in 2002 and a partner in 2008. He is currently president of Goldman Sachs Asset Management Real Estate in the Americas. Kava “has played a vital role in many key transactions and fundraisings and has developed lasting relationships with many of our clients,” wrote Goldman co-heads of asset management Julian Salisbury and Luke Sarsfield. , in one of the memos. They credited his leadership as the firm aimed to unify its real estate investment efforts, which were housed in asset management, merchant banking, special situations and other groups. New York-based Crampton, 44, is expected to join Blue Owl Capital in April as a managing director focused on continuation fundraising, a person with knowledge of the matter said. A Blue Owl spokesperson declined to comment. Crampton joined Goldman in 2003 and became a managing director in 2012 before being named a partner in 2016. He “played a significant role in developing and expanding our private equity business, having led or co-led our efforts investment in the Americas in the industrial vertical from 2016 to 2020 and the business services sector since 2020,” Salisbury and Sarsfield wrote in a separate note. Crampton has represented Goldman on boards including Americold Realty Trust, GCA Services, Restaurant Technologies and Synagro Technologies, according to its LinkedIn profile.A Goldman spokesperson confirmed the contents of the two memos and declined to comment further. —Gillian Tan, Bloomberg News

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