Business
GOLDMAN SACHS AND T. ROWE PRICE ANNOUNCE STRATEGIC COLLABORATION TO DELIVER INNOVATIVE PUBLIC-PRIVATE INVESTMENT SOLUTIONS
Goldman Sachs and T. Rowe Price (the "firms") today announced a strategic collaboration aimed at delivering a range of diversified public and private market solutions designed for the unique needs of retirement and wealth investors.
About this update from Goldman Sachs Group, Inc. (the)
[{"type":"text","content":"Firms will broaden access to diversified public and private market portfolios with a focus on retirement and wealth channels","length":124,"tagName":"p","attribs":{}},{"type":"text","content":"BALTIMORE and NEW YORK, Sept. 4, 2025 /PRNewswire/ -- Goldman Sachs and T. Rowe Price (the "firms") today announced a strategic collaboration aimed at delivering a range of diversified public and private market solutions designed for the unique needs of retirement and wealth investors.","length":296,"tagName":"p"},{"type":"text","content":"This collaboration will leverage the strengths of both firms, including respective investment expertise, solutions orientations, and a deep understanding of the needs of intermediaries and their clients. A central focus is on providing a range of wealth and retirement offerings that incorporate access to private markets for individuals, financial advisors, plan sponsors, and plan participants.","length":396,"tagName":"p"},{"type":"text","content":"The firms are pleased to announce that Goldman Sachs intends to invest, through a series of open-market purchases, up to $1 billion in T. Rowe Price common stock with the intention to own up to 3.5 percent.","length":206,"tagName":"p"},{"type":"text","content":""This investment and collaboration represent our conviction in a shared legacy of success delivering results for investors," said David Solomon, Chairman and Chief Executive Officer of Goldman Sachs. "With Goldman Sachs' decades of leadership innovating across public and private markets and T. Rowe Price's expertise in active investing, clients can invest confidently in the new opportunities for retirement savings and wealth creation."","length":472,"tagName":"p"},{"type":"text","content":"Rob Sharps, Chair, Chief Executive Officer and President of T. Rowe Price, said, "As a leader in retirement, we have a proven track record of using our expertise to drive solutions that help our clients confidently prepare for, save for, and live in retirement. We are excited to collaborate with Goldman Sachs—building on our broad capabilities across public and private markets to offer clients the ability to unlock the potential of private capital as part of their retirement and wealth management strategies."","length":529,"tagName":"p"},{"type":"text","content"...