NEW YORK – JANUARY 5, 2026 – The Goldman Sachs Group, Inc. “Goldman Sachs” (NYSE: GS) today announced it has closed the acquisition of Industry Ventures, a leading venture capital platform which invests across all stages of the venture capital lifecycle.
The team at Industry Ventures has joined Goldman Sachs’ external manager platform, the External Investing Group (XIG), which has over $500 billion in AUS across traditional and alternative strategies. In private markets, XIG is a market leader, investing in co-investments, alternative manager strategies, its Vintage Strategies secondaries platform, and its Petershill GP stakes business.
Industry Ventures adds a highly attractive technology investment capability to the platform for the benefit of Goldman Sachs’ global client base. Industry Ventures further diversifies the firm’s $576 billion alternatives investment platform, which also invests directly across growth, buyout, real estate, infrastructure, life sciences, sustainability and private credit.
“The addition of Industry Ventures creates a multiplier effect for Goldman Sachs to be a premier solutions provider to the fastest growing companies and sectors in the world,” said David Solomon, Chairman and Chief Executive Officer of Goldman Sachs. “Technology and AI-led innovation should be a catalyst for significant capital markets activity in 2026, and Goldman Sachs can offer advisory, financing, innovative capital solutions and attractive investment opportunities to our clients globally.”
Goldman Sachs Asset Management has been a Limited Partner in Industry Ventures’ funds for over two decades and has offered strategies from Industry Ventures to the firm’s wealth clients for a decade.
As part of the acquisition, Hans Swildens, Industry Ventures Founder and CEO, Justin Burden, Industry Ventures Senior Managing Director, and Roland Reynolds, Industry Ventures Senior Managing Director, have joined Goldman Sachs Asset Management as Partners.
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Goldman Sachs Asset Management is the primary investing area within Goldman Sachs, delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives, and multi-asset solutions. Goldman Sachs oversees approximately $3.5 trillion in assets under supervision as of September 30, 2025. Follow us on LinkedIn.
About Goldman Sachs Alternatives
Goldman Sachs Alternatives is one of the leading investors globally, with approximately $576 billion in assets as of September 30, 2025 and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
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