Was looking at the Goldman's website and was wondering what's the difference between:

1) PEG - part of the "Alternative Investments' division within Asset Management which 'co-invests' in private equity

2)The actual Merchant Banking/Private Equity division?

Also noticed that other banks e.g. Citigroup have a separate private equity arm and an alternative investments division in their asset management business.

Alternative investments: http://www2.goldmansachs.com/careers/inside_goldma...

Private Equity:

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