Narrowing investing gaps
How are we making things possible?
In June 2018, we announced Launch With GS, Goldman Sachs’ $500 million investment strategy grounded in our belief that diverse teams drive strong returns. Through Launch With GS, Goldman Sachs aims to increase access to capital and facilitate connections for women, Black, Latinx and other diverse entrepreneurs and investors.
Why it’s important to us.
Organizations led by diverse management teams leverage a range of perspectives to better compete in a globalized economy. Companies in the top quartile for ethnic diversity are 33% more likely to have industry-leading profitability, and those in the top quartile for gender diversity are 21% more likely to outperform. Additionally, diverse-owned funds are overrepresented in the top quartile of private equity fund yet just under 3% of venture capital in the United States goes to women-led teams and only 1% goes to Black and Latinx founders, 0.32% to Latinx women, and 0.0006% goes to Black women. Across venture capital and private equity more broadly, of the $69 trillion of global financial assets under management across, less than 1.3% is managed by women and people of color. This market imbalance, coupled with our belief that diverse teams outperform, is the catalyst behind Launch With GS.