Goldman Sachs Plans $1B Investment Partnership with T. Rowe Price

Goldman Sachs is set to invest up to $1 billion in T. Rowe Price, acquiring up to 3.5% of the company's common stock, as part of a strategic collaboration to expand private market investment solutions for retirement and wealth investors. The partnership aims to leverage Goldman Sachs' expertise in alternative investments and T. Rowe Price's active management capabilities to offer diversified portfolios incorporating public and private market products, including private equity, credit, and real estate assets. The collaboration plans to launch co-branded model portfolios and an advisory platform tailored to financial advisors and retirement plan participants by mid-2026. This move reflects growing investor demand for private market assets and seeks to provide greater access to private capital within retirement and wealth management strategies. Both firms emphasize their shared commitment to innovation and delivering results for clients as they address the evolving needs of intermediaries and individual investors. The agreement is subject to regulatory approval and will broaden the distribution networks for private market products among retail and institutional clients.