Goldman Sachs Group Inc. is considering restructuring its alternative investments businesses, Business Insider reported March 12, citing unnamed sources.

The company is conducting a firmwide review of the businesses, currently in its early stages, as part of the company's efforts to potentially simplify its investing businesses, according to the report.

Goldman Sachs may decide to combine its merchant banking division, which manages private equity, private credit, real estate and infrastructure funds, with its asset management arm that manages various alternative investments, including private equity and private credit strategies, and commodities and hedge funds. Alternatively, it may decide to increase coordination between the two divisions, the report said.

The investment bank's review of the alternatives businesses is reportedly focused on growth opportunities as well as reducing the duplication resulting from having similar businesses in different areas of the firm.

Company executives are also evaluating other divisions, including the fixed-income trading unit and the investment banking division, Business Insider reported.