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Goldman Sachs
has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in assets under supervision, according to a release from the investment bank.
Goldman is paying $665 million in cash and equity, and up to $300 million more based on the firm’s future performance through 2030, the bank said. The deal is expected to close in the first quarter of 2026.
Goldman Sachs is making the acquisition to bolster its $540 billion alternatives investment platform, part of the self-identified “growth engine” of the investment bank. By identifying and making bets on startups, the venture capital firm can help Goldman create a pipeline of investments for its wealthy clients, as well as provide solutions to tech entrepreneurs.
