Goldman Sachs launches alternative asset investment platform, hoping to acquire SpaceX and Stripes before going public.

Goldman Sachs is expanding its wealth management business with the launch of a new alternative asset investment platform. This platform caters to the needs of high-net-worth clients and family office workers seeking direct investment in high-potential private companies prior to public listing, amidst the growing demand for off-market assets driven by the AI ​​investment trend.

On July 22, 2569, CNBC reported that: Goldman Sachs has established a new unit called the Alternative Investments Platform. To expand services for high net worth individuals and family office clients who have an increasing desire to invest directly in private companies with high growth potential.

This new platform integrates Goldman Sachs' existing alternative investment business with two new units: one focused on direct investments in individual private companies, rather than through private equity funds, and another providing private equity trading services to make it easier for investors to buy and sell such investments.

Christine Olson, Head of Alternative Investments for Global Wealth Management at Goldman Sachs. They said that investors are very interested in high-growth technology companies and want to invest in these companies before they go public.

She stated that the establishment of this new platform reflects two significant shifts on Wall Street: firstly, financial institutions are expanding their wealth management and asset management businesses, which generate more stable income than investment banking and securities trading; and secondly, many leading startups are choosing to remain private for longer periods than in the past, allowing early investors to receive the majority of returns before the company goes public (IPO).

"Many companies today are listed on the stock market with valuations in the trillions of dollars. If investors don't participate in the investment process while the companies are still private, they may miss out on crucial growth opportunities," said Christine Olson.

Christine Olson revealed that Goldman Sachs has been providing direct investment services to late-stage private companies for wealthy clients for nearly 20 years. This included opportunities for investors to invest in Facebook before its IPO in 2555, as well as leading companies such as SpaceX, Stripe, and Canva.

However, the demand for investment in this type of asset has increased significantly, which is a key reason why the company decided to upgrade this business into a dedicated platform.

Goldman Sachs does not focus on investing in early-stage startups, but rather on companies with ready-to-sell products, clear revenue streams, and promising future profitability. The company views this as the right balance between risk and return.

Meanwhile, the trend of investment in artificial intelligence (AI) is a key factor driving increasing demand for investment in private companies. In addition to AI model developers, Goldman Sachs recommends that clients invest in AI-supported infrastructure such as data centers and related projects, which are expected to benefit from the long-term growth of the AI ​​industry.

In addition to launching a new investment platform, Goldman Sachs has established a Secondary Advisory Group to expand its private equity trading services. This group will act as a central marketplace for trading investments in unlisted companies and will advise clients seeking to sell their investments held outside of the Goldman Sachs system.

This move comes shortly after Goldman Sachs reported record-breaking quarterly earnings, with executives stating that its investment banking, securities trading, and financing businesses were boosted by the AI ​​investment trend, reinforcing investors' view that the company has the potential to benefit from the AI ​​investment cycle in multiple dimensions.

Christine Olson stated that the establishment of this new unit reinforces the company's strategy to expand its role into becoming a comprehensive private equity investment service provider, ranging from investing in high-potential companies to creating liquidity through the secondary market, to meet the growing demand from investors in an era where leading technology companies are taking longer to enter the public capital market.

refer : cnbc.com

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