GSAM to Use NextCapital for Defined Contribution Foray Goldman Sachs Asset Management (GSAM) is acquiring Chicago-based robo-advisor NextCapital Group to hasten the development of Goldman Sachs’ offerings for the defined contribution market via personalized managed accounts and digital advice, officials say. The transaction is slated to close during the second half of this year, depending… Read More >>
TA Associates Backs Management Buyout of GSAM Unit
TA Associates Backs Aussie-Focused Investment Capabilities and Fund Platform TA Associates, a private equity firm, reports that it has signed a definitive agreement to back a management buyout of Goldman Sachs Asset Management’s Australian-focused investment capabilities and fund platform. Financial terms of the transaction were not disclosed. The transaction is expected to close by year-end,… Read More >>
Former GSAM Exec Named as New President for NICSA
NICSA, the nonprofit investment management trade association founded in 1962 as the National Investment Company Service Association, reports that Jim Fitzpatrick, formerly a managing director at Goldman Sachs Asset Management (GSAM), has been named its new president. McLean, Va.-based NICSA specifies that its membership includes “asset managers, broker-dealers, distributors and service providers.” And its purposes… Read More >>
