Goldman Sachs Makes Historic $665M Bet on Venture Capital Secondaries Market
In an unprecedented move for Wall Street banking, Goldman Sachs is acquiring Industry Ventures in a deal valued at $665 million with additional performance incentives. The acquisition represents a strategic bet on the rapidly growing secondary market for private company shares, according to industry analysts and financial reports.
Goldman Sachs Makes Unprecedented Move Into Venture Capital
Goldman Sachs has announced plans to acquire venture capital firm Industry Ventures in a landmark deal that signals major financial institutions’ increasing interest in private markets, according to reports from Fortune. The acquisition, valued at $665 million in cash and equity with an additional performance-based $300 million through 2030, represents one of the rare instances of a venture capital firm being acquired by a major financial institution.
