New York, USA – Goldman Sachs has launched a new alternative investment platform aimed at expanding private market opportunities for its wealthy clients, as demand for access to privately held companies continues to rise.
According to an internal memo seen by Reuters, the new platform will be led by Matt Doherty, who will continue overseeing the bank’s alternatives business while spearheading the expansion of its private markets strategy.
The initiative comes as high-net-worth investors increasingly seek exposure to private companies, particularly fast-growing startups that are choosing to remain private for longer periods before pursuing initial public offerings (IPOs). This trend allows investors to benefit from rising company valuations during the private stage. The growing interest in artificial intelligence (AI) investments has further accelerated demand for private market opportunities.
As part of the restructuring, Goldman Sachs is consolidating its fiduciary single-asset investment business with its family office-focused direct investment business to establish a dedicated Private Company Investments team. The move is designed to enhance the firm’s ability to source, manage, and advise on private investment opportunities.
The bank’s existing Alternative Capital Markets business will remain the core of the new platform, continuing to help clients access private market assets, build diversified alternative investment portfolios, and manage those investments on their behalf.
Goldman Sachs said the changes are intended to build on the strong growth of its alternatives business and further strengthen its private markets capabilities.
The launch follows a strong second quarter for the investment bank, during which Goldman Sachs reported earnings that exceeded market expectations. Improved dealmaking activity and heightened market volatility linked to geopolitical tensions in the Middle East helped drive record equities trading revenue.
The latest initiative reflects a broader trend across Wall Street, where major financial institutions are expanding private market offerings to meet growing investor demand for alternative assets.
