Zhi Tong Cai Jing·2025-09-04 23:29Core Viewpoint - T. Rowe Price Group (TROW.US) shares rose over 8% to $114.06 following news that Goldman Sachs will invest up to $1 billion in the asset management company and collaborate to sell private market products to retail investors [1] Group 1: Investment Details - Goldman Sachs will acquire up to 3.5% of T. Rowe Price's shares through a series of open market purchases, making it one of the top five shareholders of the company [1] - This investment marks Goldman Sachs' only investment in an external asset management firm [1] Group 2: Market Context - The collaboration reflects a trend among large financial institutions to attract wealthy American individuals and 401(k) retirement plan holders by promoting private equity, credit, and infrastructure investment strategies [1] - T. Rowe Price's CEO, Rob Sharps, emphasized the significance of this equity investment as a demonstration of long-term commitment and alignment of interests [1]