Goldman Sachs Group Inc. is increasing its interaction with regulators in response to the expanding profits and oversight in the private markets sector, according to the firm's head of asset management. The firm's global head of asset and wealth management, Marc Nachmann, highlighted private credit and secondaries as the bank's fastest-growing areas worldwide. With the rapid growth of these asset classes, regulators worldwide are striving to better understand and regulate the industry, prompting Goldman Sachs to prioritize engagement with them. Despite concerns surrounding risks associated with the less transparent private credit market, the firm views private markets as a highly attractive sector. Recognizing the significance of private markets, Goldman Sachs recently formed a capital solutions group and sees potential to further solidify its position as a leading player in this field. Private credit has demonstrated strong performance compared to public credit, making it a key growth area for the bank. Additionally, Goldman Sachs has significantly expanded its wealth management business in Australia over the past two years and intends to continue growing this area.