Goldman Sachs Group is consolidating several separate units involved in so-called 'hard-to-access' deals, reports the Wall Street Journal.

 
Goldman Sachs Group  ( GS - Get Report) is consolidating several separate private units already involved in "hard-to-access" deals such as investing in private companies and real estate to build a "new unit" that could seek outside funding, according to a report by the Wall Street Journal on Sunday.
 
A Goldman Sachs spokesman said by phone on Sunday that the bank had no comment on the report.
 
The new division would likely have close to $140 billion in assets, reported the Journal, which said the plans were part of an effort to boost its stock price, which a year ago traded around $231 and closed Friday at $191.66.
 
The report compared the project to creating a "mini-Blackstone Group  ( BX - Get Report) " -- in reference to the Goldman competitor -- and said that it appears part of an effort by new chief executive David Solomon to put his stamp on the firm.
 
Built around the bank's current merchant-banking division, the project would also include Goldman's "special-situations" group portfolio and its strategic investing group that invests in tech startups, according to the report. The new division, however, would seek outside funds, said the report.
 
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