Goldman Rolls Out Private Deals Platform for Elite Investors
Synopsis
The bank is launching a new platform to streamline access to private investments, positioning itself to capture rising interest among wealthy clients seeking diversification beyond public markets.
Goldman Sachs has created a new overarching brand for its private investing businesses to be called Goldman private deals following sustained investor interest from wealthy clients in alternative assets.
The reorganization, detailed in an internal memo, will improve the private company investing process for clients, and the teams working across it will become more consolidated.
The platform will be led by Matt Doherty, who remains head of alternatives for Goldman Sachs. Under the new model, the firm will combine its fiduciary single-asset investing business with its direct investing business for family offices to form a discrete private company investments team, but will continue to operate its alternative capital markets division as an independent business segment.
Private Markets Gain Scale
The transaction is part of broader global financial market trends that reflect growing investment in private assets by clients with extensive wealth. Companies are increasingly remaining private for longer periods of time, and clients are now seeking out exposure through private equity, private credit, and infrastructure funds instead of public markets.
This is supported by the latest industry numbers, as Preqin's Future of Alternatives 2029 report estimates that the amount of global alternative assets under management (AUM) will exceed $30 trillion by 2029.
The United States remains the largest private capital market, the Europe region continues to show increases in fundraising volume and investor participation, and the Asia-Pacific region is also demonstrating growth in both fundraising and investor interest.
The growth of private credit is particularly striking, with a rapid growth of companies seeking out non-bank lenders for funding, prompting the IMF to estimate the market size at roughly $2.1 trillion for 2025.
Expansion Follows Strong Quarter
The launch of the new platform comes following the bank's second quarter 2026 earnings report where Goldman Sachs generated $20.34 billion in net revenue and $6.63 billion in net earnings while raising a record $59 billion in alternative investments-including $31 billion in private credit funds alone.
The bank's alternatives business now manages $576 billion of AUM following its acquisition of Industry Ventures earlier this year, with exposure across private equity, venture capital, infrastructure, real estate, and private credit.
As the demand for private markets exposure from clients continues to expand, this reorganization integrates these capabilities in a more cohesive structure amidst increasing competition from other global investment banks and asset managers.
Source: Reuters
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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