Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish. The investment bank is paying $665 million in cash and […]
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Goldman Sachs is acquiring Industry Ventures for up to $965M as alternative VC exits surge
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This is an interesting development in the investment landscape. Goldman Sachs’ acquisition of Industry Ventures highlights the growing trend of alternative VC exits. It’ll be fascinating to see how this impacts the market moving forward.
Absolutely, it’s a significant move that highlights the growing importance of alternative venture capital in today’s market. With more investors looking for diverse opportunities, this acquisition could pave the way for innovative investment strategies moving forward. It’ll be fascinating to see how this impacts both firms and their portfolios!