Goldman Sachs and T. Rowe Price have announced a strategic partnership to offer a range of diversified public and private market solutions tailored for the specific needs of retirement and wealth investors.
As part of the agreement, Goldman Sachs plans to invest, through a series of open-market purchases, up to $1 billion in T. Rowe Price common stock with the intention of owning up to 3.5 percent.
David Solomon, Chairman and CEO of Goldman Sachs informed investors, “This investment and collaboration represent our conviction in a shared legacy of success delivering results for investors. 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, CEO 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.”
T. Rowe’s shares, which have fallen nearly 7% so far this year, increased around 6% in pre-market trading today.
The firms plan to launch the solutions in mid-2026.
By CEO NA Editorial Staff
