Goldman Sachs Invests $1 Billion in T. Rowe Price as Firms Announce Strategic Partnership
Sep 4, 2025
T. Rowe Price shares rose by about 7% after the company announced a new partnership with Goldman Sachs. As part of the agreement, Goldman Sachs will invest up to $1 billion in T. Rowe Price by purchasing its common stock through the open market. This investment could give Goldman Sachs up to a 3.5% ownership stake in T. Rowe Price.
The collaboration aims to provide more investors with access to diversified public and private market portfolios, focusing on retirement and wealth management channels. Both companies plan to develop new investment solutions for a wider range of clients, especially those interested in private-market products.
The move comes at a time when T. Rowe Price has faced challenges, including outflows and lower returns. The deal is seen as a significant step forward for T. Rowe Price as it seeks to strengthen its product offerings and attract more investors.
Why did T. Rowe Price shares go up?
Shares rose after news of a $1 billion investment from Goldman Sachs and the announcement of a new partnership between the two companies.
What does Goldman Sachs get from this deal?
Goldman Sachs plans to buy up to $1 billion of T. Rowe Price stock, which could give it a 3.5% ownership stake in the asset manager.
How will this partnership affect investors?
The partnership aims to create new investment products, making it easier for investors to access both public and private markets.
Why are private-market products important?
Private-market products can offer unique investment opportunities that are not available in public markets, which may help diversify an investor's portfolio.
Sources
GOLDMAN SACHS AND T. ROWE PRICE ANNOUNCE STRATEGIC COLLABORATION TO DELIVER INNO...
Firms will broaden access to diversified public and private market portfolios with a focus on retirement and wealth channels BALTIMORE and NEW YORK , Sept. 4, 2025 /PRNewswire/ -- Goldman Sachs and T.
T. Rowe Price shares rocket higher after deal where Goldman will invest $1 billi...
CNBC
CNBC
Goldman will buy up to $1 billion in T. Rowe Price common stock through open-market purchases with the intention to own up to 3.5%.
T. Rowe Price Gets A $1 Billion Boost From Goldman Sachs
Investors Business Daily
Investors Business Daily
T. Rowe Price stock eyed a breakout before the stock market open after announcing a strategic partnership with Goldman Sachs.
Goldman Sachs to take $1B stake in T Rowe Price; TROW stock climbs
Proactive Investors
Proactive Investors
T Rowe Price Group Inc (NASDAQ:TROW, ETR:TR1) shares moved up about 7% in early trading on Thursday after Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) said it plans to acquire up to $1 billion in T. Rowe Price stock, with the goal of accumulating a 3.5% stake in the global asset management company.
T. Rowe shares rally 7% on $1B Goldman Sachs deal
Invezz
Invezz
T. Rowe Price Group shares surged Thursday after the Baltimore-based asset manager announced a $1 billion deal with Goldman Sachs aimed at expanding access to private-market products for retail investors. The agreement marks a significant step for the company, which has struggled with outflows and l...
T. Rowe Price Stock Jumps on Goldman Sachs Collaboration
Investopedia
Investopedia
T. Rowe Price (TROW) shares surged nearly 6% Thursday as the investment manager teamed up with financial giant Goldman Sachs (GS) to offer clients public-private investment solutions.
Goldman Sachs buys $1 billion stake in T. Rowe Price as more banks start offerin...
Market Watch
Market Watch
Goldman Sachs and T. Rowe Price are teaming up to offering wealth and retirement clients more investment options from the world of private markets.
T. Rowe Stock Jumps After Goldman Agrees to Invest $1 Billion, Partner on Privat...
WSJ
WSJ
The agreement aims to give Goldman a bigger foothold in 401(k)s amid private-market push, and help T. Rowe stem fund outflows.
Goldman takes $1 billion stake in T. Rowe to tap retirement money
Reuters
Reuters
Goldman Sachs will invest as much as $1 billion in T. Rowe Price Group and will also partner with the asset manager to offer private market products to retail investors, the companies said on Thursday.
Private Markets Push: Can Goldman Profit From T. Rowe Price Tie-Up?
Zacks Investment Research
Zacks Investment Research
GS partners with TROW to expand private market access and retirement solutions, backed by $1B stake and new 401(k) rules.
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