Group 1 - Goldman Sachs (GS) has partnered with T. Rowe Price (TROW) to provide a diversified suite of public and private market solutions for retirement and wealth investors, with Goldman investing approximately $1 billion for a 3.5% stake in T. Rowe Price [1][9] - The collaboration will enhance private market access for individuals, advisors, and plan sponsors, introducing Target-Date Strategies, model portfolios, multi-asset offerings, and personalized advice [2][3] - This partnership follows an executive order aimed at expanding access to alternative assets for 401(k) participants, which is expected to increase participation in private market investments [3][4] Group 2 - Other major financial firms, including BlackRock and JPMorgan, are also enhancing their private market capabilities to meet rising demand and attract new clients [5] - BlackRock has invested over $28 billion in the past year to strengthen its position in private markets and aims for $400 billion in fundraising by 2030 [6] - JPMorgan announced a $50 billion allocation toward direct lending in February 2025, having deployed over $10 billion across 100+ private credit transactions since 2021 [7] Group 3 - Goldman Sachs shares have increased by 30.8% year to date, outperforming the industry growth of 23.6% [8] - Goldman trades at a forward price-to-earnings (P/E) ratio of 14.91X, slightly above the industry average of 14.65X [10] - The Zacks Consensus Estimate for Goldman's earnings in 2025 and 2026 indicates year-over-year growth of 12.6% and 14.9%, respectively, with estimates remaining unchanged over the past 30 days [13]