The US firm has formed a group that is building on existing capabilities in areas such as private markets.
Goldman Sachs
has formed an Alternative Investment Platform, which scales up
its offerings in areas including private market investment, this
news service can confirm. The details appeared in a
memo seen by this news service late last week.
The business will be led by Matt Doherty, partner, who is
continuing his leadership of this area.
“ACM will remain the core of the Alternative Investment Platform
for our wealth clients,” the New York-listed firm said. “It has
become one of the leading allocators globally and will continue
to focus on curating a best-in-class alternatives platform and
client experience across Goldman Sachs managed and externally
managed strategies.
“The team will continue to expand investment opportunities for
clients across the alternatives landscape, advise on building
alternatives portfolios, and manage discretionary portfolios
through our Alternatives Portfolio Services (APS) platform,” it
said.
Goldman Sachs has also formed a Private Company Investments team
(PCI) and the Secondary Advisory Group. PCI will combine the
fiduciary single-asset investment business that was formed in ACM
and the self-directed family office-focused direct investment
business established within Apex.
The PCI team will be led by Sam Cantor. Matt Tyas will be joining
the team to lead the family office-focused direct investment
business, collaborating with Apex. The Secondary Advisory Group
will focus on structuring and facilitating liquidity solutions
for Goldman Sachs” clients and its Alternative Investment
Platform.
(The “Apex” organisation delivers investment opportunities,
intellectual capital, private market expertise and deal
flow; access is sourced from Goldman Sachs and a network of
partners. The Apex team also creates opportunities for family
offices to network with one another.)
“We continue to see meaningful opportunities to scale our Apex
business, which partners with advisors to deliver specialised
coverage of the firm’s premier and sophisticated family office
clients globally,” the memo said.
Anushka Gupta will continue to serve as head of Americas, Goldman
Sachs Apex, Darren Allaway is remaining as head of EMEA in
Apex, and Jeans Wang is remaining as head of Asia-Pacific
for Apex.