Goldman Sachs To Acquire Industry Ventures In $665M Deal, Boosting VC Exposure

Benzinga

Goldman Sachs will buy Industry Ventures for $665M plus up to $300M in bonuses, expanding its venture capital footprint. The deal, set to close in 2026, gives clients greater access to fast-growing private tech markets.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Goldman Sachs agreed to acquire venture capital firm Industry Ventures, which manages $7 billion

00:06in assets, according to CNBC. Investment Bank will pay $665 million, with up to $300 million

00:12in additional performance-based payments, for a deal expected to close in early 2026.

00:17The deal strengthens Goldman's role in venture capital investing and creates new opportunities

00:21for wealthy clients to access private technology markets. Industry Ventures, which has managed

00:26$7 billion in assets and achieved an 18% internal rate of return, will see all of its 45 employees

00:32join Goldman. CEO David Solomon said the acquisition aligns with the bank's long-term growth strategy

00:37to invest in fast-growing sectors.

00:39For all things money, visit Benzinga.com.

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