GOLDMAN SACHS AND T. ROWE PRICE ANNOUNCE STRATEGIC COLLABORATION TO DELIVER INNOVATIVE PUBLIC-PRIVATE INVESTMENT SOLUTIONS
T. Rowe Price (NASDAQ:TROW) and Goldman Sachs have announced a major strategic collaboration to develop innovative public-private investment solutions, particularly focused on retirement and wealth management. As part of the deal, Goldman Sachs plans to invest up to $1 billion in T. Rowe Price stock, targeting a 3.5% ownership stake.
The partnership will launch several key initiatives: co-branded target-date strategies incorporating private market investments (launching mid-2026), model portfolios for mass-affluent and high-net-worth clients, multi-asset offerings including private equity and infrastructure investments, and personalized advice solutions for retirement accounts. The collaboration leverages Goldman's private markets expertise with T. Rowe Price's retirement and active investing capabilities.
T. Rowe Price (NASDAQ:TROW) e Goldman Sachs hanno annunciato una collaborazione strategica di rilievo per sviluppare soluzioni innovative di investimento pubblico-privato, con un focus particolare su pensioni e gestione del patrimonio. Nell'ambito dell'accordo, Goldman Sachs prevede di investire fino a $1 miliardo in azioni T. Rowe Price, mirando a una partecipazione del 3,5%.
La partnership lancerà diverse iniziative chiave: strategie a data target co-brandizzate che includono investimenti in mercati privati (previsto lancio a metà 2026), portafogli modello per clienti mass-affluent e high-net-worth, offerte multi-asset con private equity e infrastrutture, e soluzioni di consulenza personalizzata per conti pensionistici. La collaborazione sfrutta l'esperienza di Goldman nei mercati privati e le competenze di T. Rowe Price in ambito pensionistico e di gestione attiva.
T. Rowe Price (NASDAQ:TROW) y Goldman Sachs han anunciado una importante colaboración estratégica para desarrollar soluciones de inversión público-privadas innovadoras, con especial atención a la jubilación y la gestión de patrimonios. Como parte del acuerdo, Goldman Sachs planea invertir hasta $1.000 millones en acciones de T. Rowe Price, con el objetivo de alcanzar una participación del 3,5%.
La asociación pondrá en marcha varias iniciativas clave: estrategias target-date co-marcadas que integran inversiones en mercados privados (lanzamiento previsto a mediados de 2026), carteras modelo para clientes mass-affluent y de alto patrimonio, ofertas multi-activo que incluyen private equity e infraestructuras, y soluciones de asesoramiento personalizadas para cuentas de jubilación. La colaboración combina la experiencia de Goldman en mercados privados con las capacidades de T. Rowe Price en jubilación e inversión activa.
T. Rowe Price (NASDAQ:TROW)와 Goldman Sachs가 은퇴 및 자산 관리를 중심으로 공공-민간 투자 솔루션을 혁신적으로 개발하기 위한 주요 전략적 협력을 발표했습니다. 이번 거래의 일환으로 골드만삭스는 T. Rowe Price 주식에 최대 10억 달러($1 billion)를 투자하여 3.5% 지분을 목표로 하고 있습니다.
파트너십은 주요 이니셔티브를 여러 가지 출시할 예정입니다: 사모시장 투자를 포함한 공동 브랜드 타깃데이트 전략 (출시 예정 시점: 2026년 중반), 중상류층 및 고액자산가를 위한 모델 포트폴리오, 사모펀드 및 인프라를 포함한 다중 자산 상품, 그리고 은퇴 계좌를 위한 맞춤형 자문 솔루션입니다. 이 협력은 골드만의 사모시장 전문성과 T. Rowe Price의 은퇴 및 액티브 투자 역량을 결합합니다.
T. Rowe Price (NASDAQ:TROW) et Goldman Sachs ont annoncé une importante collaboration stratégique visant à développer des solutions d'investissement public-privé innovantes, axées notamment sur la retraite et la gestion de patrimoine. Dans le cadre de l'accord, Goldman Sachs prévoit d'investir jusqu'à 1 milliard de dollars dans les actions de T. Rowe Price, visant une participation de 3,5%.
Le partenariat lancera plusieurs initiatives clés : des stratégies target-date co-marquées intégrant des investissements en marchés privés (lancement prévu mi-2026), des portefeuilles modèles pour la clientèle mass-affluent et fortunée, des offres multi-actifs incluant private equity et infrastructures, et des solutions de conseil personnalisées pour les comptes de retraite. Cette collaboration met en commun l'expertise de Goldman sur les marchés privés et les capacités de T. Rowe Price en matière de retraite et d'investissement actif.
T. Rowe Price (NASDAQ:TROW) und Goldman Sachs haben eine bedeutende strategische Zusammenarbeit angekündigt, um innovative öffentlich-private Anlagelösungen zu entwickeln, mit besonderem Schwerpunkt auf Altersvorsorge und Vermögensverwaltung. Im Rahmen des Deals plant Goldman Sachs, bis zu 1 Milliarde US-Dollar in T. Rowe Price-Aktien zu investieren und strebt einen 3,5%igen Anteil an.
Die Partnerschaft wird mehrere zentrale Initiativen starten: Co-Branding Target-Date-Strategien mit Private-Markets-Investments (Start Mitte 2026 geplant), Modellportfolios für mass-affluent und vermögende Kunden, Multi-Asset-Angebote einschließlich Private Equity und Infrastruktur sowie personalisierte Beratungslösungen für Rentenkonten. Die Zusammenarbeit verbindet Goldmans Expertise in Private Markets mit T. Rowe Prices Kompetenzen in Altersvorsorge und aktivem Investieren.
- None.
- Potential execution risks in integrating different investment strategies
- Complex regulatory requirements for offering private market investments to retail investors
Insights
Goldman Sachs' $1B investment in T. Rowe Price creates powerful synergy expanding both firms' market reach with innovative public-private investment products.
This strategic collaboration between Goldman Sachs and T. Rowe Price represents a significant development in the investment management landscape. Goldman's commitment to invest up to
The collaboration strategically addresses a critical market gap: providing retirement investors and wealth management clients with access to private market investments that have historically been available primarily to institutional investors. By combining Goldman's private markets expertise with T. Rowe Price's retirement solutions leadership and active investment capabilities, the partnership creates a powerful synergy.
Four key offerings stand out:
- Co-branded target-date strategies leveraging T. Rowe's retirement blend series with Goldman providing private market components
- Model portfolios incorporating various investment vehicles tailored for mass-affluent and HNW clients
- Multi-asset offerings providing diversified access to private equity, credit, and infrastructure
- Advisor managed accounts integrating retirement planning into T. Rowe's platforms
For T. Rowe Price, this represents a strategic expansion of their retirement solutions capabilities and provides access to Goldman's sophisticated private markets expertise. For Goldman Sachs, it opens distribution channels to T. Rowe's substantial retirement and wealth management client base. The timing of the first products (mid-2026) suggests careful integration planning is underway.
This collaboration highlights the growing convergence of public and private market offerings in retail investment products, responding to demand for alternative investments among non-institutional investors, and positioning both firms to capture share in the evolving retirement and wealth management landscape.
Partnership gives T. Rowe vital private markets capabilities while Goldman secures retail distribution, creating mutual strategic advantages.
This collaboration reflects critical strategic imperatives for both firms in an evolving investment landscape. For T. Rowe Price, gaining enhanced private market capabilities addresses a competitive disadvantage against rivals who have already expanded in alternatives. The partnership provides T. Rowe with immediate credibility in private markets without requiring a full acquisition or lengthy organic development.
For Goldman Sachs, the
The collaboration's focus on integrating private investments into retirement solutions is particularly noteworthy. Regulatory changes have increasingly allowed alternative investments in retirement accounts, creating significant growth opportunities. The partnership positions both firms to capitalize on the secular trend of democratizing access to private markets.
Beyond immediate product opportunities, this alliance creates defensive positioning. T. Rowe strengthens its retirement solutions against competitors like BlackRock and Vanguard who have been expanding alternatives capabilities. Meanwhile, Goldman secures a strategic relationship with a major retirement provider as private capital increasingly flows through intermediary channels rather than direct institutional relationships.
The collaboration's structure—maintaining separate corporate identities while creating co-branded offerings—allows both firms to leverage complementary strengths without full integration complexities. This balanced approach suggests a carefully considered strategic partnership rather than a prelude to acquisition, designed to create mutual advantages in the evolving investment landscape.
Firms will broaden access to diversified public and private market portfolios with a focus on retirement and wealth channels
This collaboration will leverage the strengths of both firms, including respective investment expertise, solutions orientations, and a deep understanding of the needs of intermediaries and their clients. A central focus is on providing a range of wealth and retirement offerings that incorporate access to private markets for individuals, financial advisors, plan sponsors, and plan participants.
The firms are pleased to announce that Goldman Sachs intends to invest, through a series of open-market purchases, up to
"This investment and collaboration represent our conviction in a shared legacy of success delivering results for investors," said David Solomon, Chairman and Chief Executive Officer of Goldman Sachs. "With Goldman Sachs' decades of leadership innovating across public and private markets and T. Rowe Price's expertise in active investing, clients can invest confidently in the new opportunities for retirement savings and wealth creation."
Rob Sharps, Chair, Chief Executive Officer and President of T. Rowe Price, said, "As a leader in retirement, we have a proven track record of using our expertise to drive solutions that help our clients confidently prepare for, save for, and live in retirement. We are excited to collaborate with Goldman Sachs—building on our broad capabilities across public and private markets to offer clients the ability to unlock the potential of private capital as part of their retirement and wealth management strategies."
"This strategic collaboration greatly enhances T. Rowe Price's and OHA's ability to deliver a wider range of investment strategies, focusing on accelerating innovation and creating new products to serve client needs. We welcome T. Rowe Price's and Goldman Sachs' commitment to deepen private market alternatives access to wealth and retirement clients. We view this collaboration as an important milestone in OHA's growth with T. Rowe Price," said Glenn August, Founder and Chief Executive Officer of OHA.
Key Highlights
- Target-Date Strategies: The firms will offer new, co-branded target-date strategies that leverage T. Rowe Price's expertise in the retirement blend series while broadening plan participants' access to private markets by incorporating investment capabilities from Goldman Sachs, T. Rowe Price and OHA. Goldman Sachs will serve as third-party provider of private market strategies for the target-date series. The firms intend to launch the solutions in mid-2026.
- Model Portfolios: The firms will introduce a series of jointly created, co-branded model portfolios leveraging the strengths of both organizations, incorporating SMAs, direct indexing, ETFs, mutual funds and private market vehicles tailored to the needs of advisors serving mass-affluent and high-net-worth (HNW) clients.
- Multi-Asset Offerings: T. Rowe Price and Goldman Sachs will also collaborate on multi-asset offerings. The firms are currently considering two strategies—one that will provide access to asset classes such as private equity, private credit and private infrastructure in a diversified portfolio delivered through one vehicle, and another that integrates US public and private equity investing into a single offering.
- Personalized Advice Solutions and Advisor Managed Accounts: The firms are collaborating to deliver an innovative, scalable advisory platform for advisors and other RIAs to offer managed retirement accounts at scale in-plan and out-of-plan. This includes integrating retirement planning and advice from the firms into the T. Rowe Price recordkeeping and Individual Investor platforms.
ABOUT GOLDMAN SACHS
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in
ABOUT GOLDMAN SACHS ASSET MANAGEMENT
Goldman Sachs Asset Management is the primary investing area within Goldman Sachs, delivering investment and advisory services across public and private markets for the world's leading institutions, financial advisors, and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Goldman Sachs Asset Management is a leading investor across fixed income, liquidity, equity, alternatives, and multi-asset solutions. Goldman Sachs oversees approximately
ABOUT GOLDMAN SACHS ALTERNATIVES
Goldman Sachs Alternatives is one of the leading investors globally, with over
ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing US
Visit troweprice.com/newsroom for news and public policy commentary.
ABOUT OHA
OHA is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm has approximately
¹Amount includes approximately
This press release is not an offer to purchase or a solicitation of an offer to sell shares of T. Rowe Price common stock.
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SOURCE T. Rowe Price Group
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