Goldman Sachs acquires Industry Ventures in $1bn deal to expand venture capital platform
Goldman Sachs has agreed to acquire Industry Ventures, a leading U.S. venture capital firm with $7bn in assets under management, in a deal valued at up to $965m, Reuters reports.
The transaction includes $665m in cash and equity at closing, plus up to $300m in additional payments tied to performance through 2030.
The acquisition will see all 45 employees of Industry Ventures join Goldman Sachs Asset Management (GSAM).
Founded by Hans Swildens, Industry Ventures is known for pioneering secondary venture investing and early-stage h…
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