Goldman Sachs has agreed to acquire Industry Ventures, a venture capital platform that invests across the full lifecycle of private equity, including secondary investments, early-stage co-investments, seeding emerging funds, and hybrid structures. 

Industry Ventures currently oversees about US$7 billion in client assets and has made over a thousand investments since its founding in 2000. Under the deal, Industry Ventures will become part of Goldman’s External Investing Group (XIG), which already handles traditional and alternative strategies for institutional and wealth clients. The firm’s 45 employees are expected to join Goldman Sachs, with leadership roles inside Goldman’s asset management business. 

This acquisition strengthens Goldman Sachs’ private markets footprint by adding deeper venture and secondary capabilities, expanding the alternatives business that already oversees around US$540 billion. It also represents another way Goldman is advancing the Alts2Wealth trend, bringing institutional-quality venture and secondary opportunities to advisers and clients seeking broader access to private markets within an integrated wealth management ecosystem. 

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