Goldman Sachs to acquire Industry Ventures from Petershill Partners for $237m.

Goldman Sachs, a global investment banking, securities, and asset and wealth management firm, agreed to acquire Industry Ventures, a venture capital platform which invests across all stages of the venture capital lifecycle, from Petershill Partners, a a diversified, publicly listed, global alternatives investment group, for $237m. “Industry Ventures pioneered venture secondary investing and early-stage hybrid funds, areas that are rapidly expanding as companies stay private longer and investors seek new forms of liquidity. Industry Ventures’ trusted relationships and venture capital expertise complement our existing investing franchises and expand opportunities for clients to access the fastest growing companies and sectors in the world," David Solomon, Goldman Sachs Chairman and Chief Executive Officer.