By William Collins, consultant in stock markets – Eurasia Business News, September 4, 2025. Article no 1767

Goldman Sachs is set to invest up to $1 billion in T. Rowe Price Group through a series of open-market purchases, aiming to acquire a stake of up to 3.5% in the asset manager. This investment is part of a broader strategic collaboration where Goldman Sachs and T. Rowe Price will work together to develop and market innovative public and private market investment solutions, focusing on retirement savings and wealth management.
Key initiatives include:
- Co-branded target-date strategies incorporating private market investments, planned for mid-2026.
- Model portfolios tailored for mass-affluent and high-net-worth clients, including SMAs, ETFs, and private market vehicles.
- Multi-asset offerings that may combine public and private equity, private credit, and infrastructure investments.
- Scalable advisory platforms to offer managed retirement accounts both in-plan and out-of-plan.
This collaboration leverages Goldman Sachs’s extensive private markets expertise and T. Rowe Price’s established retirement and active investing capabilities to broaden access to diversified investment options for individual investors, financial advisors, and plan sponsors. Following the news, T. Rowe Price’s shares jumped about 6-7% in pre-market trading, reversing earlier losses this year.
Goldman Sachs’s CEO David Solomon and T. Rowe Price’s CEO Rob Sharps both emphasized their confidence in the partnership to help clients with retirement planning and wealth creation through innovative investment products.
This $1 billion stake investment and strategic partnership highlight Goldman Sachs’ commitment to deepening its footprint in both public and private markets alongside a leader in retirement investment solutions.
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