Goldman and Illinois Teachers Pension Funded to Buy Failed U.S. Banks

Bloomberg reports:

A Goldman Sachs Group Inc. private equity fund is seeking to join Oaktree Capital Management LP and the Illinois teachers’ pension fund as an investor in a company planning to buy failed U.S. banks, according to public records.

Goldman Sachs applied to acquire as much as 25 percent of SKBHC Holdings LLC, a Corona del Mar, California-based firm trying to win approval to become a bank holding company, according to an announcement on the Federal Register website. Oaktree is also seeking 25 percent of the company and the Illinois fund voted to invest $100 million.

No word from former reputed Chicago Mob bookmaker Rod Blagojevich on this one.