GSAM to Acquire NextCapital

INVESTMENT MANAGEMENT DEALS BLOG

April 15, 2022

On March 29, 2022, Goldman Sachs Asset Management announced that it will acquire NextCapital Group.

Under the terms of the transaction, Goldman Sachs Asset Management (“GSAM”) will acquire NextCapital Group (“Next Capital”). After the transaction closes, NextCapital’s platform is expected to become part of GSAM’s Multi-Asset Solutions business.  The transaction, subject to regulatory and other approvals and conditions, is expected to close in the second half of 2022.  Further terms of the deal were not disclosed.

GSAM, based in New York, New York, provides investment and advisory services for the world’s leading institutions, financial advisors, and individuals. As of December 31, 2021, GSAM oversaw approximately $2 trillion in assets under supervision.

NextCapital, based in Chicago, Illinois, is an enterprise digital advice company. NextCapital focuses on digitalization, retirement income solutions, and tailored strategies and insights.

To read the press release: please click here.