TLDR
- Goldman Sachs surges as it moves to acquire venture firm Industry Ventures.
- Goldman boosts its alternatives arm with $7B Industry Ventures deal.
- Shares climb as Goldman announces $965M Industry Ventures acquisition.
- Goldman deepens venture reach with Industry Ventures buyout ahead of Q3 call.
- Stock jumps as Goldman expands into tech VC via Industry Ventures purchase.
Goldman Sachs shares climbed 2.93% to close at $786.78 on October 13, 2025, as momentum built throughout the session. The price further rose 0.94% in after-hours trading, pushing the stock to $794.17.
The intraday chart revealed a consistent upward movement, reflecting growing anticipation ahead of the company’s third-quarter earnings call scheduled for October 14.
The market responded strongly to signals of upcoming strategic developments and a positive earnings outlook. Confidence in the firm’s long-term strategy gained traction, particularly amid rising demand for alternative investment solutions. The climb in share price also aligned with the announcement of a high-profile acquisition.
Goldman Sachs Moves to Acquire Industry Ventures
Goldman Sachs confirmed its agreement to acquire Industry Ventures, a San Francisco-based venture capital firm managing $7 billion in assets. The deal includes $665 million in cash and equity, with up to an additional $300 million contingent upon future performance through 2030. The bank anticipates that the transaction will close in the first quarter of 2026, subject to regulatory approval.
This acquisition strengthens Goldman’s $540 billion alternatives investment platform, which encompasses real estate, infrastructure, private credit, and other asset classes. Industry Ventures brings venture capital strength, having completed over 1,000 investments with a historical internal rate of return of 18%. Goldman plans to integrate all 45 employees into its operations, with key executives receiving partner appointments.
By acquiring the full equity of Industry Ventures, Goldman expands its exposure to early-stage and growth-focused tech investments. The firm gains access to a broad portfolio of venture partnerships and direct investment rights. The venture capital firm also enhances Goldman’s appeal to clients seeking access to private markets and emerging sectors.
Strategic Fit with Alternatives Platform and Client Reach
Industry Ventures will become part of Goldman’s External Investing Group, which manages over $450 billion across traditional and alternative strategies. The group leads in private market offerings, including co-investments and secondary market solutions, complementing Industry Ventures’ strengths. This addition enhances Goldman’s ability to meet diverse client needs in a changing technology landscape.
Goldman Sachs Asset Management has maintained a long-standing relationship with Industry Ventures, backing its funds for over two decades. In 2019, its Petershill Partners acquired a minority stake in the firm, reinforcing alignment between the two parties. The new deal cements Goldman’s full ownership and strategic commitment.
Goldman aims to offer deeper access to innovative capital solutions and high-growth opportunities. The move aligns with its broader ambitions to grow its presence in venture capital and serve a global base of technology-focused clients. Overall, the strategy reflects a decisive push toward expansion in the high-demand alternatives market.
