09.04.25

Goldman and T. Rowe Ink New Partnership

by: David Hollerith

Goldman Sachs is taking a $1 billion stake in T. Rowe Price, giving it a 3.5% share as the two firms partner to expand access to private assets for U.S. retirees and individual investors. The collaboration will distribute private equity, credit, infrastructure and real estate funds through retirement accounts and financial advisors. The CEOs of both firms highlighted the partnership as a blend of Goldman’s market expertise and T. Rowe’s leadership in retirement solutions. The deal comes as Wall Street pushes to bring private assets to mainstream investors, with Citigroup and BlackRock also announcing an $80 billion wealth management tie-up.

Read the full article on Yahoo! Finance