Announced M&A volume should be second-highest on record next year, says Goldman CFO Denis Coleman

Core Insights - The industry is expected to have its second highest year for announced M&A volume, with $1.5 trillion of M&A activity year to date, driven by optimism in the capital markets environment [2][3] - There is a significant increase in sponsor activity, with a 40% uptick noted, as private equity firms are looking to monetize their portfolio assets due to favorable market conditions [5][6] - The outlook for 2026 is optimistic, with expectations that it could potentially be a record year for M&A activity, supported by a conducive macroeconomic backdrop and open financing markets [6][9] M&A Activity - The current year is projected to be the second largest for M&A, with a strong engagement from clients generating numerous strategic ideas [2][3] - The private equity community, which had been relatively quiet, is now more active, indicating a shift in market dynamics [4][5] - The favorable conditions include a supportive regulatory environment and a sense of optimism among companies regarding growth opportunities [8][9] Company Strategy - The company has recently made significant investments, including a $2 billion deal for Innovator Capital Management and a billion-dollar investment in T-Ro, indicating a strategic focus on growing durable revenue streams within asset and wealth management [10][11] - The firm aims to accelerate growth in its asset and wealth management business, leveraging opportunities to enhance capabilities and product offerings [11][12] - The company has been recognized as the number one M&A adviser for 20 years, positioning it as a trusted partner for clients seeking to execute their strategic ideas [9]