Goldman Sachs Asset Management operates one of the largest alternative investment platforms globally, with approximately $450 billion in alternatives assets under supervision. The alternatives business sits within Goldman Sachs Asset Management, the asset management division of Goldman Sachs Group, and spans private equity, private credit, real estate, infrastructure, and hedge fund strategies.
Investment Strategy
Goldman Sachs’ alternatives platform is organized across several major business lines. The firm’s corporate equity business covers buyout, growth equity, and secondaries investing through the firm’s balance sheet and third-party capital. The External Investing Group (XIG) operates one of the industry’s largest fund-of-funds programs, committing capital to third-party private equity, venture capital, and real assets managers through primaries, secondaries, and co-investments.
The private credit platform is one of the largest in the industry, spanning direct lending, mezzanine finance, asset-based lending, and specialty finance. Goldman Sachs’ real estate business invests across equity and debt strategies in major property markets globally. The infrastructure team focuses on core and value-add investments across energy transition, digital, transportation, and social infrastructure.
Goldman Sachs’ hedge fund solutions business provides multi-manager hedge fund portfolios and advisory services to institutional clients.
Private Markets Approach
Goldman Sachs’ scale and breadth across alternatives provide informational advantages and sourcing capabilities that benefit its fund-of-funds and co-investment clients. The XIG platform has deployed over $100 billion in capital since inception, maintaining relationships with hundreds of general partners globally.
The firm’s co-investment program leverages Goldman Sachs’ position as a capital provider across asset classes, sourcing proprietary deal flow alongside its GP relationships. The secondaries team executes both LP-led portfolio purchases and GP-led continuation transactions.
Goldman Sachs Asset Management serves institutional investors including pension funds, sovereign wealth funds, insurance companies, endowments, and family offices. The firm’s alternatives platform benefits from Goldman Sachs’ broader corporate relationships, global market presence, and capital markets capabilities. GSAM operates from offices in New York, London, Hong Kong, Tokyo, and other major financial centers.
Frequently Asked Questions
How large is Goldman Sachs' alternatives platform?
Goldman Sachs Asset Management manages approximately $450 billion in alternative investments, spanning private equity, private credit, real estate, infrastructure, and hedge fund strategies.
What types of alternative investments does Goldman Sachs Asset Management offer?
GSAM offers corporate equity (buyout, growth, secondaries), private credit (direct lending, mezzanine, asset-based finance), real estate equity and debt, infrastructure, sustainability, and hedge fund solutions.
Does Goldman Sachs operate fund-of-funds programs?
Yes, Goldman Sachs Asset Management operates one of the largest private equity fund-of-funds and secondaries platforms in the industry through its External Investing Group (XIG), which manages primary commitments, secondaries, and co-investments.
