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    Alternatives

    Alternatives

    INTEGRATED ALTERNATIVE SOLUTIONS

    Alternatives

    INTEGRATED ALTERNATIVE SOLUTIONS

    1,000

    investment professionals1

     

    $445bn+

    of Alternative Assets1

     

    35+

    Years of Investing Experience1

     

    We are one of the world's most experienced investors in alternatives, advantaged by a robust sourcing network, the combined expertise of a leading global financial institution, and an unyielding focus on building value for our clients.

     

    Video

    Alternative Investments at Goldman Sachs Asset Management

    With over 35 years of experience investing in alternatives, our global investment teams bring local market expertise to source, evaluate, and execute investments across a range of alternative investment strategies.

    The power of a leading global institution

    Ideas Sourced Globally

    Our reach is global, our relationships deep, and our connections long-standing. Our network spans 63 countries, covering the world’s leading CEOs, entrepreneurs, investors, policy makers and thought leaders. We source ideas and opportunities from this network of relationships, who recognize us as a committed partner, helping them advance ideas and grow their businesses. 

     

    Differentiated Insight

    We live at the center of the world’s capital markets. We are able to synthesize insights across industries, geographies, securities, strategies, technologies, and public policies. Our informational breadth expands our thinking, our expansive data contributes context, and our long experience informs our judgment.

     

    Value, Accelerated

    We extend the global capabilities of our entire firm for the benefit of our portfolio companies.2 Whether empowered by our functional expertise, technology platform, or commercial relationships, we deploy considerable resources with the goal of helping our partners grow revenues, enhance margins, digitize processes, manage human capital, and evolve sustainability and impact.

    Education and Insights

    • August 1, 2022 | GSAM Featured Insights

      Introduction to Private Equity

      August 1, 2022 As an asset class, private equity has gained increasing attention among both companies looking to access capital and investors looking to diversify beyond traditional public markets. . Given the complexity and higher thresholds governing investors’ access to private equity, illiquidity and higher investment minimums, it’s important to understand the nuances of investing in this growing asset class. Read More

    • Understanding Private Credit

      October 20, 2022 Private credit covers an array of strategies that span the capital structure and borrower type. These range from senior secured loans for blue-chip corporate borrowers, to junior unsecured credit for financing new building construction, to loans against specialized assets such as railcars and airplanes or contractual revenue streams like royalties and subscription services, to distressed situations. Read More
    • August 12, 2022 | GSAM Featured Insights

      Income Generating Alternatives

      August 12, 2022 Over the past decade, private credit and private real estate have emerged as attractive income-generating alternatives for investors searching for yield in a low rate environment. While interest rates have started rising, these asset classes can continue to be attractive alternatives due to risk-adjusted return potential and ability to access parts of the market that are not available in publicly-traded instruments. Read More
    All Insights

    Our Capabilities

    Private Equity

    Our Private Equity platform leverages the broad network and resources of Goldman Sachs to source proprietary opportunities across industries and around the world.2 We manage over $160 billion in assets across direct buyout, growth, life sciences and GP stakes programs, in addition to our secondary and multi-manager strategies, that partner with external investment managers to provide clients with access to some of the top investing talent around the world. 

     
    Learn More About Private Equity
    Learn More About Life Sciences

    Private Credit

    Combining deep expertise and long-standing relationships, our Private Credit platform invests globally and across the capital structure, seeking to identify attractive risk-adjusted return opportunities across the credit spectrum. We manage more than $90 billion across all aspects of Private Credit, including senior, mezzanine, and hybrid capital solutions.

     

    Access to the full resources and expertise of Goldman Sachs, including leveraged finance, mergers and acquisitions, research, and trading teams2 enhances our capabilities in evaluating and structuring opportunities. We proactively engage with sponsors and management teams to help add value and create customized solutions to support many different types of financing.

     
    Learn More About Private Credit

    Real Estate

    The breadth of our platform combines global and local expertise, cross-product insights and scale to help us navigate complex and changing markets. We have invested over $50bn in real estate assets spanning a wide spectrum of industries, across both equity and credit strategies. Our international footprint allows us to leverage extensive regional networks to source, execute and create value at both a local and global level.

     

    The substantial resources of Goldman Sachs inform our insights and help us navigate the complexities of global trade, regulations, and public policy. We regularly synthesize this information to inform and enhance our evaluation of investment opportunities across the spectrum of real estate assets, enabling seamless recalibration and execution across strategies, regions, and sectors as markets and cycles evolve.

    Infrastructure

    Our global infrastructure program covers a broad opportunity set, managed by a team with decades of domain expertise and a history of sourcing proprietary opportunities and executing on complex transactions. Our investment team’s long-standing relationships, together with Goldman Sachs’ established global infrastructure and utilities advisory practice, helps make for a broad, robust sourcing network of companies, infrastructure investors, entrepreneurs, governments, municipalities, and financial intermediaries around the globe.

     

    We invest in sustainable assets where we can drive operational value. With the definition of traditional infrastructure evolving significantly, our value-add strategy offers access to the infrastructure assets of the future. We bring an ownership mindset through our $5 billion platform, and are dedicated to helping support our portfolio companies and assets through strategic, operational, financial, and ESG improvements.

     
    Learn More About Infrastructure

    Sustainability and Inclusion

    The principles of Sustainability and Inclusion are incorporated into our alternative investment strategies wherever appropriate. Our Sustainability & Inclusion teams also manage dedicated strategies that focus specifically on climate solutions, renewable power, opportunity zones, and investing in diverse and women-owned managers and companies, with the goal of generating positive and measurable impact for our communities, alongside financial returns.

     

    We have been building relationships and deploying capital in impact-related opportunities for more than two decades. The wide reach of the Goldman Sachs platform, including our Firmwide Sustainable Finance Group and Government Affairs team, provides us with the insight to identify and capitalize on impact theses with secular growth opportunities. We aim to leverage our experience in the space to help guide our portfolio companies and managers we partner with in implementing more sustainable and inclusive operations.

    Liquid Alternatives

    Providing both risk mitigation and return enhancement to a broader alternatives portfolio, our public market alternatives span the risk/return and liquidity spectrums. We believe the breadth of our Liquid Alternatives platform, with more than $80 billion in assets, gives us a sourcing advantage with managers across alternative strategies.

     

    Our hedge fund manager platform is one of the largest in the world, providing access to top-tier investment talent through single-strategy vehicles or multi-manager portfolios.  Our direct quantitative strategies provide efficient exposure to specific investment themes and factors, targeting lower correlations to traditional market exposures.

    Lets Connect

    For more information, please reach out to your Goldman Sachs Asset Management relationship manager.
    Contact Us

    1 As of June 30, 2022. Includes assets under supervision and other alternatives assets held on GS balance sheet.

    2 Goldman Sachs Asset Management leverages the resources of Goldman Sachs & Co. LLC subject to legal, internal and regulatory restrictions.

    As of June 30, 2022.

     

    Disclosures

    Alternative Investments - Hedge funds and other private investment funds (collectively, “Alternative Investments”) are subject to less regulation than other types of pooled investment vehicles such as mutual funds. Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains and an individual’s net returns may differ significantly from actual returns. Such fees may offset all or a significant portion of such Alternative Investment’s trading profits. Alternative Investments are not required to provide periodic pricing or valuation information. Investors may have limited rights with respect to their investments, including limited voting rights and participation in the management of such Alternative Investments.

    Alternative Investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. Similarly, interests in an Alternative Investment are highly illiquid and generally are not transferable without the consent of the sponsor, and applicable securities and tax laws will limit transfers.

    Conflicts of Interest

    There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. These activities and interests include potential multiple advisory, transactional and other interests in securities and instruments that may be purchased or sold by the Alternative Investment. These are considerations of which investors should be aware and additional information relating to these conflicts is set forth in the offering materials for the Alternative Investment.

    Private Equity - Private equity investments are speculative, highly illiquid, involve a high degree of risk, have high fees and expenses that could reduce returns, and subject to the possibility of partial or total loss of fund capital; they are, therefore, intended for experienced and sophisticated long-term investors who can accept such risks. There can be no assurance that any objectives or targets stated in this material can be achieved; any targets provided are subject to change and do not provide any assurance as to future results. The ability of underlying funds to achieve their objectives or targets depends upon a variety of factors, not the least of which are political, public market and economic conditions. Any historical performance of individual partnerships shown is for informational purposes only and does not guarantee their future performance, which can vary considerably. The trading market for the securities of any portfolio investment of the underlying funds may not be sufficiently liquid to enable such funds to sell such securities when it believes it is most advantageous to do so, or without adversely affecting the stock price. In addition, such portfolio companies may be highly leveraged, which leverage could have significant adverse consequences to these companies and the funds offered by AIMS Private Equity. Furthermore, restrictions on transferring interests in AIMS Private Equity funds may exist so prospective investors should be prepared to retain their investments in any AIMS Private Equity fund until the fund liquidates. For a complete discussion of risks that are unique to a particular AIMS Private Equity fund, please refer to the respective fund’s offering documents, which should be carefully reviewed prior to investing.

    This material is provided for educational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities or to make any investment decision.

    Real Estate - Real Estate Private Equity investments are speculative, involve a high degree of risk and have high fees and expenses that could reduce returns; they are, therefore, intended for long-term investors who can accept such risks. It is expected that the investment vehicle which acquires secondaries will not have the opportunity to negotiate the terms of the interests in the underlying funds or other special rights or privileges. Likewise, the success and failure of an investment vehicle will depend to a significant extent on the viability and performance of the General Partners and portfolio managers with respect to the underlying funds’ investments.

    Further, the market for secondary interests in real estate and real estate-related funds is continuing to develop and there can be no assurance as to the number of investment opportunities that will be presented to an investment vehicle. This diversification risk is further heightened if an investment vehicle concentrates in real estate only.

    The risks inherently related to the real estate industry include, but are not limited to, fluctuations in international and domestic real estate markets, the financial conditions of tenants, changes in real property tax rates, changes in interest rates and the availability or terms of debt financing, changes in operating costs, uninsured casualties, and other factors not within the control of the General Partner, such as an outbreak or escalation of major hostilities, terrorist actions or other substantial national or international calamities. Further, portfolio assets may require development which carries additional risks relating to the availability and timely receipt of regulatory approvals and completion of construction.

    Likewise, an investment vehicle may have exposure to developing countries and emerging markets whose securities markets are generally smaller, less liquid, and more volatile than the securities markets of developed markets.

    A fund, underlying funds, and/or portfolio assets may utilize leverage which could have significant adverse consequences. In particular, a fund will lose its investment in a leveraged portfolio investment more quickly than a non-leveraged portfolio investment if the portfolio investment declines in value. Money borrowed for the purpose of leveraging investments will also be subject to interest costs as well as financing, transaction and other fees and costs that may not be recovered. You should understand fully the risks associated with the use of leverage before making an investment in a fund.

    This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material is not financial research nor a product of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs has no obligation to provide any updates or changes.

    This material represents the views of Goldman Sachs Asset Management. It is not financial research or a product of Goldman Sachs Global Investment Research (GIR). It was not a product nor financial research of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed herein may vary significantly from those expressed by GIR or any other groups at Goldman Sachs. Investors are urged to consult with their financial advisers before buying or selling any securities. The information contained herein should not be relied upon in making an investment decision or be construed as investment advice. Goldman Sachs Asset Management has no obligation to provide any updates or changes.

    Investments in real estate companies, including REITs or similar structures are subject to volatility and additional risk, including loss in value due to poor management, lowered credit ratings and other factors.

    THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.

    Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

    This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.

    Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

    Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change, they should not be construed as investment advice.

    Environmental, Social, and Governance (“ESG”) strategies may take risks or eliminate exposures found in other strategies or broad market benchmarks that may cause performance to diverge from the performance of these other strategies or market benchmarks. ESG strategies will be subject to the risks associated with their underlying investments’ asset classes. Further, the demand within certain markets or sectors that an ESG strategy targets may not develop as forecasted or may develop more slowly than anticipated.

    Entities Providing Services. This presentation is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Paris Inc. Et Cie., Goldman Sachs Saudi Arabia, Goldman Sachs Bank AG, Goldman Sachs (Asia) L.L.C, Goldman Sachs (Singapore) Pte (Company Number: 19862165W), Goldman Sachs Futures Pte. Ltd (Company Number: 199004153Z); Goldman Sachs Australia Pty Limited. In connection with its distribution in the United Kingdom, this material has been issued and approved by Goldman Sachs International which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. This material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by GSI, Plumtree Court, 25 Shoe Lane, London EC4A 4AU; by Goldman Sachs Canada, in connection with its distribution in Canada; in the United States by Goldman Sachs & Co. LLC; in Hong Street (Beijing) Equity Investment Management Co., Ltd., in Korea by Goldman Sachs (Asia) L.L.C., Seoul Branch; in Japan by Goldman Sachs Japan Co., Ltd; in Australia by Goldman Sachs Australia Pty Ltd (ACN 006 797 897); and in Singapore by Goldman Sachs (Singapore) Pte. (Company Number: 19862165W).

    This material represents the views of Goldman Sachs Asset Management. It is not financial research or a product of Goldman Sachs Global Investment Research (GIR). It was not a product nor financial research of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed herein may vary significantly from those expressed by GIR or any other groups at Goldman Sachs. Investors are urged to consult with their financial advisers before buying or selling any securities. The information contained herein should not be relied upon in making an investment decision or be construed as investment advice. Goldman Sachs Asset Management has no obligation to provide any updates or changes.

    Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. Nothing in this document should be construed to constitute allocation advice or recommendations.

    Confidentiality

    No part of this material may, without Goldman Sachs Asset Management’s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient.

    262601-OTU-1528477

    © 2023 Goldman Sachs. All rights reserved.

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