Goldman Sachs launched a private markets platform dedicated to wealthy clients and family offices. The new structure provides direct investment opportunities in high-profile private companies like SpaceX and Stripe. This initiative formalizes existing business lines and introduces a secondary advisory group to facilitate the trading of private stakes.
The move responds to surging client demand for companies that remain private longer while achieving significant valuations. Goldman Sachs will also use the platform to direct capital toward sectors like artificial intelligence infrastructure.
The strategy aims to strengthen the firm's asset and wealth management division. This division reported a 20% year-over-year revenue increase in the second quarter.