Goldman Sachs Exceeds Alternatives Fundraising Target, Attracting $251B in 4 Years

Goldman Sachs has successfully raised $251 billion in alternatives over the past four years, surpassing its initial target of $225 billion set in 2019. Notably, 40% of these inflows were sourced from ultra-high-net-worth clients. The achievement comes one year ahead of schedule, reflecting the firm's prowess in the alternatives market.

In the fourth quarter of 2023, Goldman Sachs reported a substantial uptick in alternative investment inflows, reaching $23 billion compared to the previous year's $3 billion during the same period. This remarkable growth underscores the firm's robust performance in the alternatives sector. Goldman Sachs Private Wealth Management, boasting $1 trillion in assets and catering to 16,000 clients, primarily comprises ultra-high-net-worth individuals who invest in alternatives through both third-party managers and the firm's proprietary funds.