Prime Highlights:
- Goldman Sachs to acquire Industry Ventures, a $7 billion venture capital firm, to strengthen its alternatives investment platform.
- The acquisition will give clients greater access to fast-growing companies and support tech entrepreneurs.
Key Facts:
- Goldman Sachs will pay $665 million in cash and shares, with up to $300 million more depending on performance, and the deal is expected to close in early 2026.
- Industry Ventures has made over 1,000 investments with an average annual return of 18%, and all 45 employees will join Goldman Sachs.
Key Background:
Goldman Sachs will acquire Industry Ventures, a San Francisco-based venture capital firm managing $7 billion, to strengthen its alternatives investment platform.
Goldman Sachs will pay $665 million in cash and shares for the deal, with up to another $300 million depending on Industry Ventures’ results by 2030. The acquisition is expected to finish in early 2026.
The acquisition will strengthen Goldman Sachs’ $540 billion alternatives investment platform, which the bank sees as a major area for growth. With Industry Ventures’ experience in spotting and investing in promising startups, Goldman plans to offer more opportunities to its wealthy clients and support tech entrepreneurs.
Founded 25 years ago, Industry Ventures has been a key player in the U.S. venture capital market. The company has successfully carried out more than 1,000 investments that have earned it an 18-year average and steady performance.
Goldman Sachs CEO David Solomon said that Industry Ventures’ strong connections and experience in venture capital will strengthen the bank’s investment business and give clients more access to fast-growing companies and industries.
Hans Swildens, founder and CEO of Industry Ventures, said that joining forces with Goldman Sachs will allow the firm to better support entrepreneurs, tech companies, investors, and venture fund managers.
Goldman Sachs also confirmed that all 45 employees of Industry Ventures will join the investment bank, ensuring continuity and preserving the firm’s specialized knowledge in venture capital investing.
The purchase demonstrates that Goldman Sachs continues to expand its services and enter the venture capital market, as well as helps companies that have a high growth rate and serves its customers around the world.
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