LESLIE ERICKA T sold $184K of GS

Britannica Capital and founder Leucadia Asset Management, Jefferies Financial Group, Topwater entities and Goldman Sachs are named in an Aug. 5 complaint in Manhattan federal court. The manager alleges a first-loss capital program was marketed as committed capital but Topwater never funded its layer, seized gains, and left losses on Britannica. Britannica cites $532,710.95 returned, seeks $1B+ trade-secret damages and fraud claims.

Talcott Financial Group launched Bermuda-domiciled reinsurance sidecar West Grove Re with Goldman Sachs after the vehicle raised about $1bn in capital, including equity commitments from Talcott and Goldman Sachs AWM and its clients, plus a credit facility. West Grove Re will participate in a quota share of certain Talcott-sourced US annuities, with Goldman as investment manager for private assets. Talcott reported $134bn AUM as of 31 March 2026.

Blackstone is proposing a $36 billion debt financing for Anthropic to fund use of Google custom AI chips across five data center locations, according to people cited by Bloomberg. The earlier $35 billion structure involved Broadcom, Apollo, and Blackstone via AI XPV Platform, with Broadcom supporting senior tranches. Anthropic has confidentially filed for a US IPO, targeting October, with Morgan Stanley, Goldman Sachs, and JPMorgan involved.

Goldman Sachs Group is creating a Bermuda reinsurance sidecar, West Grove Re, with Talcott Financial Group. The vehicle has raised $1 billion so far and will share premiums and losses tied to part of Talcott’s US annuities. Goldman Sachs Asset Management will manage private-asset strategies. West Grove Re’s annuity portfolio is expected to reach about $10 billion over 10 years, per a person familiar with the matter.

Korea’s nuclear and construction stocks rose after the government expanded tax credits for small modular reactors (SMRs) under its 2026 Tax Reform Plan, offering 30% to 50% R&D credits and 15% to 30% facility investment credits. GS E&C gained 18.56% to 28,750 won. Daewoo E&C rose 14.29% after reporting Q2 operating profit of 232.3 billion won, up 182.6% year over year, above forecasts.

Talcott Financial Group said it formed West Grove Re, Ltd., a Bermuda reinsurance sidecar with Goldman Sachs Asset & Wealth Management. The vehicle closed about $1.0 billion in capital, including equity from Talcott and Goldman Sachs and clients, plus a credit facility. West Grove Re will take part of Talcott-sourced U.S. annuities via quota share, with Goldman as investment manager for private asset strategies.