Goldman Sachs buys Industry Ventures to expand alternatives platform

cnbc.com

Goldman Sachs will acquire venture capital firm Industry Ventures for $665 million plus potential future payments, bolstering its alternatives investment platform. The deal aims to enhance Goldman's $540 billion alternatives platform by adding Industry Ventures' $7 billion in assets and expertise in identifying startups, creating investment opportunities for clients and solutions for entrepreneurs. Industry Ventures, founded 25 years ago, has made over 1,000 investments with an 18% internal rate of return, and its 45 employees are expected to join Goldman Sachs.


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Goldman Sachs buys Industry Ventures to expand alternatives platform | News Minimalist