Goldman Sachs to Acquire Industry Ventures in $965 Million Deal

Oct 13, 2025

Goldman Sachs announced that it will acquire Industry Ventures, a San Francisco-based investment firm with $7 billion in assets under management. The deal is valued at up to $965 million.

Industry Ventures is known for investing in venture capital funds and helping technology entrepreneurs through secondary markets and buyouts. This acquisition will help Goldman Sachs expand its services for technology startups, especially as traditional exits, like IPOs, remain limited.

What does Industry Ventures do?

Industry Ventures invests in venture capital funds and helps technology companies through buying and selling stakes in private companies.

Why is Goldman Sachs buying Industry Ventures?

Goldman Sachs wants to expand its ability to serve technology entrepreneurs and increase its presence in venture and secondary markets.

What are 'secondary markets' and 'buyouts'?

Secondary markets are where investors buy and sell stakes in private companies, often before those companies go public. Buyouts involve purchasing control of a company.

Sources
Goldman Sachs is acquiring Industry Ventures for up to $965M as alternative VC e...
TechCrunch
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report Monday, in a deal that underscores the growing importance of secondary markets and buyouts as traditional venture exits remai...
Goldman Sachs to Acquire Industry Ventures for Up to $965 Million
WSJ
The deal aims to bolster Goldman's ability to provide solutions for technology entrepreneurs, the company said.
Goldman Sachs buys venture capital firm Industry Ventures
Reuters
Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it said on Monday.
Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures
CNBC
Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures
GS to Enhance Venture Capabilities With Industry Ventures Buyout Deal
Zacks Investment Research
Goldman is set to acquire Industry Ventures, strengthening its $540B alternatives platform and expanding its private markets reach.
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