The Wall Street bank announced it will take a 3.5% stake in global asset manager T. Rowe Price, aiming to expand private asset access to broader markets and U.S. retirees.
Goldman Sachs said it is acquiring up to a $1 billion stake, representing 3.5%, in T. Rowe Price. The move is intended to make private assets more accessible to retail investors and U.S. retirees. The investment highlights a strategic expansion by the Wall Street bank into democratizing alternative asset classes through its partnership with the global asset manager.