Goldman Picked to Sell Cerberus Stake as Founder Joins Trump (1)

Steve Feinberg’s Cerberus Capital Management tapped Goldman Sachs Group Inc. for a potential sale of all or part of his ownership stake in the firm as he prepares to take a role in the Trump administration.

Cerberus, a $65 billion investment company, held discussions with the bank to identify ways in which the billionaire, President Donald Trump’s pick to become No. 2 at the Pentagon, could sell down his interest, according to people familiar with the matter. Appointees are required by law to disclose assets and are typically asked to divest any that could cause a conflict of ...