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'Emerging buyers' flex deal-making muscle, bypass private equity

Ms Mass (standing) and Stephanie Cohen from Goldman's financial sponsors group, which focuses on the new group of buyers.

New York

FOR decades, the buyers in some of the largest deals had come in three forms: private equity firms, corporations and public-market investors.

But over the past few years, a new group of buyers has sprung up: Sovereign wealth funds, pension funds and even private families