Goldman, T. Rowe Team Up for Public-Private Offerings

There is no “I” in “team.” But there are plenty in “public-private investments.” As access to and demand for alternatives continues to ramp up, Goldman Sachs and T. Rowe Price are joining forces. The high-powered Wall Street investment bank plans to invest up to $1 billion in T. Rowe stock with the intention of acquiring up to 3.5% of shares, the firms announced last week. Through the new partnership, the two companies will offer mass affluent and high-net-worth clients wealth and retirement products that ...