Goldman Sachs to Acquire Industry Ventures in $965 Million Deal
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.
Industry Ventures invests in venture capital funds and helps technology companies through buying and selling stakes in private companies.
Goldman Sachs wants to expand its ability to serve technology entrepreneurs and increase its presence in venture and secondary markets.
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.
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