Goldman Sachs to buy US venture firm for $965m

Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco-based investment firm managing US$7 billion in assets, for up to US$965 million.

The deal includes US$665 million in cash and equity, plus up to US$300 million based on performance through 2030. All 45 employees are expected to join Goldman, with the acquisition set to close in Q1 2026.

The move aims to strengthen Goldman’s US$540 billion alternatives investment platform.

Founded 25 years ago, Industry Ventures focuses on secondary markets and venture capital investments, with over 1,000 deals and stakes in more than 700 venture firms.

Goldman said the acquisition will expand opportunities for clients in the alternatives space as venture funds seek non-traditional exits amid a slowdown in IPOs and M&A.

🔗 Source: TechCrunch

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Continuation funds surge amid structural hurdles for venture firms

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