Private Equity Firm Financial Services

Goldman Sachs Alternatives

New York, New York, United States

Goldman Sachs Alternatives is Goldman Sachs Asset Management’s private equity and related alternatives investing platform (including private equity and private credit/alternatives investing) under Goldman’s alternatives framework.

Focus Areas
Private equity, Private credit, Alternatives / private markets investing

Tracked deals

59

59 tracked deals across 2019-2026.

Recent pace

14

14 tracked deals announced in the last 12 months.

Deal mix

Buyout

35 buyout · 17 growth capital · 5 recapitalization

Goldman Sachs Alternatives Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Goldman Sachs Alternatives. 4 2019 5 2020 6 2021 5 2022 2 2023 13 2024 11 2025 ~16 est. 13 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 59 tracked deals for Goldman Sachs Alternatives.

  • Buyer
    Summit Partners, Goldman Sachs Alternatives, Wells Fargo, DocuSign
    Target
    Socure
    Seller
    Existing employees (selling shares via secondary tender offer)
    Industry
    IT Services

    Identity verification and fraud prevention company Socure announced a $156M strategic growth investment at a $5.2B valuation. The round was led by Summit Partners with participation from Goldman Sachs Alternatives, Wells Fargo, DocuSign, and other investors, and included both new primary capital and a secondary employee tender offer.

  • Buyer
    Goldman Sachs Alternatives (Infrastructure)
    Target
    Tosca
    Seller
    Funds advised by Apax Partners, Apax Partners
    Industry
    Transportation
    Location
    United States
    Type
    Buyout

    Goldman Sachs Alternatives’ Infrastructure has agreed to acquire Tosca, a global provider of reusable asset pooling and logistics solutions for the food supply chain, from funds advised by Apax Partners. Following completion (expected to close in 2026 subject to customary conditions and regulatory approvals), Goldman Sachs Alternatives plans to partner with Tosca management and invest further in its asset base, operating platform, technology, and customer offering.

  • Buyer
    Goldman Sachs Alternatives
    Target
    Numantec
    Seller
    White Bridge Investments, other existing shareholders
    Industry
    Medical Devices
    Location
    Italy
    Type
    Buyout

    Numantec, a global developer, manufacturer, and distributor of infusion medical devices, has entered into a definitive agreement for Goldman Sachs Alternatives’ private equity business to acquire a majority stake. The deal will be purchased from White Bridge Investments and other existing shareholders, with completion expected in Q4 2026 subject to regulatory approvals.

  • Buyer
    Warburg Pincus Capital Solutions Founders Fund (WPCS FF), Goldman Sachs Alternatives, Sixth Street
    Target
    Paradigm Oral Health
    Seller
    BlackRock Long Term Private Capital (BlackRock LTPC)

    Paradigm Oral Health announced a buyback of BlackRock Long Term Private Capital’s ownership stake, returning majority control to its surgeons and management. The buyback is backed by an investment led by Warburg Pincus, in partnership with Goldman Sachs Alternatives and Sixth Street.

  • Buyer
    Private Equity at Goldman Sachs Alternatives
    Target
    AEGIS Hedging Solutions
    Type
    Buyout

    AEGIS Hedging Solutions entered into a definitive transaction agreement to be acquired by Private Equity at Goldman Sachs Alternatives. The investment will be made alongside AEGIS management, and AEGIS is expected to close the deal in the third quarter of 2026, subject to customary closing conditions.

  • Buyer
    Goldman Sachs Alternatives, Equip Capital
    Target
    Ryde Technology
    Seller
    Equip Fund I
    Industry
    Transportation
    Location
    Norway

    Ryde Technology (Oslo-founded e-scooter operator) has closed a significant ownership transaction in which Goldman Sachs Alternatives comes in as the lead investor in a new Equip Capital-managed fund. The new fund acquires a majority stake in Ryde and provides additional growth capital while Equip Fund I remains invested alongside founders, management, and minority shareholders.

  • Buyer
    Infrastructure at Goldman Sachs Alternatives, Goldman Sachs Alternatives
    Target
    QScale
    Industry
    IT Services
    Location
    Quebec, Canada
    Type
    Buyout

    Infrastructure at Goldman Sachs Alternatives has closed its acquisition of QScale, a Canadian developer and operator of next-generation, AI-ready data centers, in partnership with QScale’s founders and management team. QScale’s management will continue to lead the business and retain headquarters in Québec as the company expands AI data center campuses across Canada.

  • Buyer
    Goldman Sachs Alternatives (Private Equity business), Goldman Sachs (Alternative investments platform / GS Asset Management)
    Target
    FGI Worldwide LLC, FGI Worldwide
    Type
    Buyout

    FGI Worldwide LLC, a provider of working capital financing and trade credit insurance solutions, has been acquired by the Private Equity business within Goldman Sachs Alternatives. The deal brings FGI into Goldman’s alternatives platform and is expected to accelerate growth while expanding its financing, risk, and Insurtech capabilities.

  • Buyer
    Goldman Sachs Alternatives
    Target
    Kashable
    Location
    United States

    Kashable, a credit fintech focused on employer-offered lending, raised $60 million in venture capital in a Series C round. Goldman Sachs Alternatives led the round with up to $50 million (including an initial $25 million and an additional $25 million subject to conditions), with the remaining $10 million coming from existing investors Revolution Ventures and EJF Ventures.

  • Buyer
    Goldman Sachs Alternatives (Private Equity business), Lightyear Capital
    Target
    Schellman
    Industry
    Cybersecurity
    Location
    United States

    Lightyear Capital, the majority investor in Schellman since 2021, announced that Schellman is receiving a strategic investment from the Private Equity business at Goldman Sachs Alternatives. The investment is intended to accelerate Schellman’s next phase of growth, including capability expansion and scaling the team, and the transaction is expected to close in Q2 2026 subject to regulatory approvals.

  • Buyer
    Goldman Sachs Alternatives, Ares Management Corp., Blue Owl Capital Inc., Antares Capital, Apollo Global Management Inc.
    Target
    Clearwater Analytics Holdings Inc.
    Industry
    Cloud & SaaS
    Type
    Buyout

    A group of private credit firms led by Goldman Sachs Alternatives is providing $3.5 billion in debt to support the buyout of Clearwater Analytics Holdings Inc. Ares Management, Blue Owl Capital, Antares Capital, and Apollo Global Management are also joining the lender group.

  • Buyer
    Goldman Sachs Alternatives (Sustainable Investing business at Goldman Sachs Asset Management)
    Target
    LearnWell
    Industry
    Education

    LearnWell, a U.S.-based provider of K-12 academic continuity and mental/behavioral health services, received a growth investment from the Sustainable Investing business at Goldman Sachs Alternatives to accelerate growth and expand its service footprint. The capital will support scaling LearnWell’s integrated in-school and virtual offerings; the company serves thousands of school districts through a team of educators and therapists and was previously backed by 424 Capital.

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