Goldman Sachs announced that it has completed the acquisition of Industry Ventures, a venture capital platform that invests across all stages of the venture capital lifecycle, further strengthening its private markets and technology investment capabilities. The transaction brings the Industry Ventures team into Goldman Sachs’ External Investing Group, which manages more than $500 billion in assets under supervision across traditional and alternative strategies.

The deal expands the firm’s alternatives platform, which oversees about $576 billion, and adds a dedicated technology and venture capital capability for Goldman Sachs’ global client base. Industry Ventures’ founder and chief executive Hans Swildens, along with senior managing directors Justin Burden and Roland Reynolds, have joined Goldman Sachs Asset Management as partners. Goldman Sachs has been a limited partner in Industry Ventures’ funds for more than 20 years and has offered its strategies to wealth clients for the past decade.

Goldman Sachs CEO David Solomon said the acquisition positions the firm to capitalize on technology- and AI-driven innovation, which he expects to fuel capital markets activity in 2026. He added that the combination will allow the firm to offer advisory, financing and investment solutions to fast-growing companies worldwide.