Goldman Sachs(US:GS) 智通财经网·2025-10-14 00:12Core Insights - Goldman Sachs (GS.US) has agreed to acquire venture capital firm Industry Ventures for up to $965 million, expanding its reach into the entrepreneurial sector in the U.S. [1][2] - The initial payment will be $665 million in cash and equity, with an additional potential payment of up to $300 million based on Industry Ventures' performance by 2030 [1][2] Company Overview - Industry Ventures, founded in 2000 and based in San Francisco, manages approximately $7 billion in assets, primarily through secondary market investments, co-investments, and providing seed capital to external venture funds [1][2] - The firm has been collaborating with Goldman Sachs for nearly 20 years and has delivered a 2.2x capital return for its investors since inception [2] Management and Integration - Industry Ventures' founder Hans Swildens and two senior colleagues will join Goldman Sachs as partners, reporting to Michael Brandmeyer, a senior executive in the external investment division [2] - The acquisition is expected to facilitate Goldman Sachs in promoting its banking and wealth management services to potential clients more effectively [2] Market Context - Although the newly acquired assets are relatively small compared to Goldman Sachs' overall scale, venture capital remains a critical growth area in the U.S. economy, particularly as many companies continue to stay private and benefit from trends in artificial intelligence and infrastructure development [2] - Goldman Sachs' stock has risen by 37% this year, with the firm set to announce its third-quarter earnings soon [2]