Goldman Sachs and T.Rowe Price form strategic partnership
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Goldman Sachs and T.Rowe Price form strategic partnership 04 September 2025US Reporter: Tahlia Kraefft
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Goldman Sachs and T.Rowe Price will collaborate to broaden access to diversified public and private market portfolios targeted at retirement and wealth investors.
The firms say this partnership will draw on the strengths of both firms including their investment expertise, solutions orientations, and knowledge of the needs of intermediaries and their clients.
Goldman Sachs plans to invest up to US$1 billion in T.Rowe Price common stock—through a number of open-market purchases—with the aim to possess up to 3.5 percent.
David Solomon, chairman and CEO of Goldman Sachs, says: “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, adds: “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 their retirement and wealth management strategies.”
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Image: AsimPatel/stock.adobe.com 