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Alternatives

PRIVATE EQUITY

Our Private Equity program, established more than 30 years ago, seeks to harness the scale and power of the global Goldman Sachs platform to source differentiated investments and accelerate value creation for our portfolio companies.

$85bn+

Invested
Private Equity1

 

100+

Investment
Professionals1

 

36yrs+

Investing in
Private Equity1

 

Video

Our Private Equity Strategy


"We seek to build enduring businesses, accelerating their growth into this next decade and beyond."

- Adrian M. Jones

 

What Makes Us Different?

 

Partner of Choice

Our global scale, network, expertise, and deep firm intellectual capital make us a partner of choice for companies, founders and stakeholders. Proprietary access to deal flow from our Goldman Sachs network, including our investment bank and private wealth management franchises enable unique sourcing opportunities. 

 

Unique Insights

Our thematic investing approach is supported by expertise across sectors, markets, business models, and stages of corporate lifecycle. Our 30+ years of experience provides a distinct vantage point, enabling us to identify disruptive forces, trends and changes in sector dynamics early.

 

Value, Accelerated

Management teams value our ability to offer a breadth and depth of resources not broadly available to companies in the size range we target. Our world-class Value Accelerator platform supports cross-portfolio and company-specific value creation plans across operational excellence and digital transformation.

Meet the Team

Experienced investment committee with an average Goldman Sachs tenure of 22 years. Select committee members:

Bradley J. Gross

Head of the Americas Private Equity Business

Bradley J. Gross

 


 

Bradley is head of the Americas Private Equity and is based in the US. He joined Goldman Sachs in 1995.

Stephanie M. Hui

Head of the Asia Private Equity Business

Stephanie M. Hui

 


 

Stephanie is the head of Private Equity in Asia and co head of Growth Equity and is based in Hong Kong. She joined Goldman Sachs in 1995.

Michael Bruun

Head of the EMEA Private Equity Business

Michael Bruun

 


 

Michael is head of the EMEA Private Equity business and is based in the UK. He joined Goldman Sachs in 2004.

Adrian M. Jones

Chairman of the Global Equity Business

Adrian M. Jones

 


 

Adrian is the Chairman of the Global Equity business and is based in the US. He joined Goldman Sachs in 1994.

Nicole Agnew

Managing Director

Nicole Agnew

 


 

Nicole leads Consumer and Consumer Services Investing and is based in the US. She joined Goldman Sachs in 2005.

Anthony Arnold

Managing Director

Anthony Arnold

 


 

Anthony leads Financial Services investing and is based in the US. He joined Goldman Sachs in 2001.

Jose Barreto

Managing Director

Jose Barreto

 


 

Jose is responsible for investments in the UK and Ireland and leads EMEA Business Services investing and is based in the UK. He joined Goldman Sachs in 2008.

Chris Crampton

Managing Director

Chris Crampton

 


 

Chris leads Business Services investing and is based in the US. He joined Goldman Sachs in 2003.

Charlie Gailliot

Managing Director

Charlie Gailliot

 


 

Charlie leads US Energy Transition and Diversified Industrials investing and is based in the US. He joined Goldman Sachs in 2003.

Michael Hui

Managing Director

Michael Hui

 


 

Michael is responsible for investments in China and is based in Hong Kong. He joined Goldman Sachs in 2003.

Jo Natuari

Managing Director

Jo Natuari

 


 

Jo leads Healthcare investing and is based in the US. She joined Goldman Sachs in 2006.

Leonard Seevers

Managing Director

Leonard Seevers

 


 

Leonard leads Technology, Media and Communications investing and is based in the US. He joined Goldman Sachs in 2005.

Michele Titi-Cappelli

Managing Director

Michele Titi-Cappelli

 


 

Michele is responsible for investments in Southern Europe and leads EMEA Financial Services investing and is based in the UK. He first joined Goldman Sachs in 1999 and rejoined the firm in 2004.

Breadth of Investments

A long track record of investing across a range of industries around the world.2 

Americas

Scale and depth across sectors

 

53

investors

 

$49bn

in capital deployed, across

 

601

investments

EMEA

Strong positioning across local markets and sectors

 

28

investors

 

$17bn

in capital deployed, across

 

125

investments

Asia

Leading heritage and franchise

 

20

investors

 

$14bn

in capital deployed, across

 

190

investments

Our Portfolio - Select Investments

 

Financial & Business Services

People Corporation: Provider of group benefits consulting and third party administration services in Canada.

 

Financial & Business Services

LRQA: A leading global assurance provider based in Europe

 

Healthcare

Aragen Life Sciences: A leading partner offering R&D and Manufacturing solutions based in India.

 

Healthcare

Paraxel: Leading global contract research organization (CRO).

 

Consumer

Oikos: German producer of prefabricated single-family houses.

 

Consumer

Zaxby’s: Leading operator and franchisor of fast casual restaurants.

 

Technology

Fortress Information Security: Leading supply chain cybersecurity provider.

 

Technology

Advania: Provider or IT solutions in the Nordic region.

 

Climate Transition

Hydrostor: Provider of long-duration energy storage based in Canada.

 

Climate Transition

Northvolt: Swedish battery manufacturer targeting the automotive and energy storage sectors

 

Case studies were selected to highlight the largest investment made in each of the key investment areas as of March 31, 2022 for the U.S. and Non U.S A full list of assets is available upon request. We believe these selected case studies should be considered as a reflection of our investment process, and references to these particular assets/portfolio companies should not be considered a recommendation of any particular security, investment, or portfolio company.

Resources

  • GSAM Featured Insights

    A ‘Seismic’ Shift in Private Markets

    19 July 2022 The private financial markets have grown sharply in recent years as easy monetary policies drove investors towards illiquid markets offering higher yields. In this episode of Exchanges at Goldman Sachs, Mike Koester, co-president of the Alternatives business in Goldman Sachs’ Asset Management Division, explains how investors in the private markets are navigating cyclical headwinds and a slowdown in the pace of fundraising. Read More
  • GSAM Featured Insights

    Private Equity: Playbook for a New Era

    18 October 2021

    Amidst the volatility of the last year, performance dispersion amongst private equity funds has widened. In an environment of macroeconomic and socio-political change and against a background of elevated valuations, GPs must reassess their strategies for creating value and driving returns.

    Read More

Ready to learn more about our private equity capabilities?

 

Please reach out to your Goldman Sachs Asset Management relationship manager.

1. As of March 31, 2022.  Reflects full-time equivalents for the   team. Assumes a 50% allocation of certain investment professionals based on geography or industry. 2 Refers to total investment professionals within.
2. As of March 31, 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.

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.

United Kingdom and European Economic Area (EEA): In the United Kingdom, this material is a financial promotion and has been approved by Goldman Sachs Asset Management International, which is authorized and regulated in the United Kingdom by the Financial Conduct Authority. Switzerland: For Qualified Investor use only— Not for distribution to general public. This document is provided to you by Goldman Sachs Bank AG, Zürich. Any future contractual relationships will be entered into with affiliates of Goldman Sachs Bank AG, which are domiciled outside of Switzerland. We would like to remind you that foreign (Non-Swiss) legal and regulatory systems may not provide the same level of protection in relation to client confidentiality and data protection as offered to you by Swiss law.

Asia Pacific:  This material has been issued for use in or from Hong Kong by Goldman Sachs Asset Management (Hong Kong) Limited and in or from Singapore by Goldman Sachs Asset Management (Singapore) Pte. Ltd. (Company Number: 201329851H).

Australia: This material is distributed by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 681, AFSL 228948 (‘GSAMA’) and is intended for viewing only by wholesale clients for the purposes of section 761G of the Corporations Act 2001 (Cth). This document may not be distributed to retail clients in Australia (as that term is defined in the Corporations Act 2001 (Cth)) or to the general public. This document may not be reproduced or distributed to any person without the prior consent of GSAMA. To the extent that this document contains any statement which may be considered to be financial product advice in Australia under the Corporations Act 2001 (Cth), that advice is intended to be given to the intended recipient of this document only, being a wholesale client for the purposes of the Corporations Act 2001 (Cth). Any advice provided in this document is provided by either Goldman Sachs Asset Management International (GSAMI), Goldman Sachs International (GSI), Goldman Sachs Asset Management, LP (GSAMLP) or Goldman Sachs & Co. LLC (GSCo). Both GSCo and GSAMLP are regulated by the US Securities and Exchange Commission under US laws, which differ from Australian laws. Both GSI and GSAMI are regulated by the Financial Conduct Authority and GSI is authorized by the Prudential Regulation Authority under UK laws, which differ from Australian laws. GSI, GSAMI, GSCo, and GSAMLP are all exempt from the requirement to hold an Australian financial services licence under the Corporations Act of Australia and therefore do not hold any Australian Financial Services Licences. Any financial services given to any person by GSI, GSAMI, GSCo or GSAMLP by distributing this document in Australia are provided to such persons pursuant to ASIC Class Orders 03/1099 and 03/1100. No offer to acquire any interest in a fund or a financial product is being made to you in this document. If the interests or financial products do become available in the future, the offer may be arranged by GSAMA in accordance with section 911A(2)(b) of the Corporations Act. GSAMA holds Australian Financial Services Licence No. 228948. Any offer will only be made in circumstances where disclosure is not required under Part 6D.2 of the Corporations Act or a product disclosure statement is not required to be given under Part 7.9 of the Corporations Act (as relevant).

Canada: This presentation has been communicated in Canada by Goldman Sachs Asset Management LP, which is registered as a portfolio manager under securities legislation in all provinces of Canada and as a commodity trading manager under the commodity futures legislation of Ontario and as a derivatives adviser under the derivatives legislation of Quebec. Goldman Sachs Asset Management LP is not registered to provide investment advisory or portfolio management services in respect of exchange-traded futures or options contracts in Manitoba and is not offering to provide such investment advisory or portfolio management services in Manitoba by delivery of this material.

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.

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