Goldman Sachs Merchant Banking Division (MBD) is a private equity and venture capital firm which provides equity and credit investment. Goldman Sachs MBD is a subsidiary of Goldman Sachs Group, Investment Banking and Securities Investments. The firm is focused on providing private equity, mezzanine debt, senior secured loans and distressed debt securities. MBD manages private capital globally and offers expertise to companies, investors, entrepreneurs and financial intermediaries around the globe. The group also invests in equity and credit across corporate, real estate and infrastructure strategies. Founded in 1869, Goldman Sachs Merchant Banking Division is based in New York.