Group 1 - Goldman Sachs plans to invest up to $1 billion in T. Rowe Price stock to acquire up to 3.5% of shares, aiming to enhance access to private markets for clients [1][2] - The partnership will provide wealth and retirement products, including target-date strategies, model portfolios, and multi-asset products, specifically designed for mass affluent and high-net-worth clients [2][3] - The collaboration reflects a trend among asset managers to tap into the growing demand for private market investments among retail investors, particularly in light of regulatory changes that facilitate access to alternatives [3][4] Group 2 - The demand for private assets is increasing among retail investors, with alternatives being seen as suitable for 401(k) accounts due to their long time horizons and tax advantages [4] - Other notable partnerships in the industry include Blackstone, Vanguard, and Wellington launching an interval fund, and Capital Group and KKR creating public-private credit funds targeting retail investors [5]