Goldman Sachs announced in a statement on October 11 that it had signed an agreement to sell specialist lender GreenSky and related loan assets to a consortium of institutional investors led by Sixth Street. The transaction is expected to close in the first quarter of 2024.

The consortium also includes private equity firm KKR, Bayview Asset Management and credit card company CardWorks, according to the statement. Bond giant Pacific Investment Management will buy a significant portion of GreenSky's existing loan balance, while CPP Investments will provide strategic financing.