Goldman makes two secondaries MD promotions

New York-based Sean Brenan and Brian Musto are part of more than 500 promotions at the bank.

Goldman Sachs Asset Management has promoted two New York-based members of its secondaries team to managing director.

Sean Brenan has been with the investment bank’s private equity group since 2010, according to his LinkedIn page, working on private equity fund of funds, secondaries and co-investments.

Brian Musto has been at the bank since 2003, according to public records. A spokesman for Goldman confirmed Musto’s role includes working on secondaries.

The promotions were part of a bi-annual list of 509 promotions to managing director made across the investment banking, asset management, securities trading and commercial banking arms of Goldman Sachs. The last list, in 2015, featured 425 names.

The bank’s most recent secondaries fund, Vintage VII, had collected just over $7 billion as of June, according to PEI data.

The promotions come two days after Secondaries Investor reported that Jarid Colucci, an investment professional in Goldman’s secondaries team, had joined UBS’s private funds group to focus on advisory work.