Oct 27 (Reuters) - Goldman Sachs ( GS ) is in talks to

secure a $10 billion mandate from Kuwait's wealth fund for its

asset-management arm, Bloomberg News reported on Monday.

The firm has been in talks with the Kuwait Investment

Authority (KIA) to receive the money over the coming years and

across multiple funds, largely targeting Goldman's private

equity, credit and infrastructure investments, the report said,

citing people familiar with the matter.

Goldman Sachs ( GS ) declined to comment, while KIA did not

immediately respond to a request.

The bank has been accelerating its push into private markets

and alternative-asset businesses as it seeks to shift away from

its traditional revenue mix of trading and investment banking.

Goldman's CEO David Solomon said on the earnings call this

month that the bank plans to raise $100 billion in alternative

assets - such as private credit, real estate and hedge funds -

this year, exceeding prior expectations.

Its alternative assets under supervision totaled $374

billion at the end of the third quarter.

The talks come as Goldman expands in the Gulf region,

opening an office in Kuwait earlier this month, in a bid to

expand its services to regional clients and deepen its footprint

in the Middle East.

Oil-rich Kuwait is home to KIA, one of the world's biggest

sovereign wealth funds.