Goldman Private-Investing Chief Quits Ahead of Fundraising Push

A leader of Goldman Sachs Group Inc.’s flagship private-investing business quit Friday, the latest senior departure at the Wall Street firm and one that could undermine a big fundraising push.

Sumit Rajpal spent 20 years at the firm, rising through the ranks of its $100 billion-plus merchant bank, which invests the firm’s money and that of clients into deals. He was elevated last spring to co-head its global private-equity arm and was set to hit the fundraising trail later this month with a new buyout fund, according to people...

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