Story perspectives

Goldman Sachs Secures $70B OCIO Mandate from Verizon, Lockheed

7/10/2026

Summary

Story summary

Goldman Sachs Group secured a $70 billion outsourced CIO mandate from Verizon Communications and Lockheed Martin.
The mandate covers roughly $30 billion of defined-benefit pension assets and $40 billion of defined-contribution 401(k) assets.
Goldman’s outsourced chief investment officer (OCIO) platform reported about $480 billion in assets as of March 31.
Marc Nachmann said large sponsors are consolidating responsibilities with a single expert partner.

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Story summary

Goldman Sachs Group secured a $70 billion outsourced CIO mandate from Verizon Communications and Lockheed Martin.
The mandate covers roughly $30 billion of defined-benefit pension assets and $40 billion of defined-contribution 401(k) assets.
Goldman’s outsourced chief investment officer (OCIO) platform reported about $480 billion in assets as of March 31.
Marc Nachmann said large sponsors are consolidating responsibilities with a single expert partner.