Story perspectives

Goldman Sachs, T. Rowe Team Up for Private Market Access

9/10/2025

Summary

Story summary

Goldman Sachs and T. Rowe Price are partnering to provide private market access to affluent clients, investing up to $1 billion in T. Rowe stock.
Private equity secondaries are projected to exceed $200 billion in global transaction volumes by 2025, fueled by greater retail access.
The inclusion of private assets in 401(k) plans is expected to significantly benefit private credit and equity secondaries.
Robert W. Baird & Co. is acquiring a stake in Sagard Holdings to distribute private equity and credit funds to retail investors.
Experts caution that expanding private credit access to retail investors may pose regulatory challenges and litigation risks for asset managers.

History

Historical Context

The Investment Company Act of 1940 established crucial regulations for mutual funds, shaping modern investment practices. Following the 2008 financial crisis, retail investors increasingly turned to alternative investments, leading to significant partnerships like Goldman Sachs and T. Rowe Price's $1 billion collaboration. As private equity expands, experts warn of potential regulatory challenges that could impact asset managers and investor protections.

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Story summary

Goldman Sachs and T. Rowe Price are partnering to provide private market access to affluent clients, investing up to $1 billion in T. Rowe stock.
Private equity secondaries are projected to exceed $200 billion in global transaction volumes by 2025, fueled by greater retail access.
The inclusion of private assets in 401(k) plans is expected to significantly benefit private credit and equity secondaries.
Robert W. Baird & Co. is acquiring a stake in Sagard Holdings to distribute private equity and credit funds to retail investors.
Experts caution that expanding private credit access to retail investors may pose regulatory challenges and litigation risks for asset managers.

1 / 2