Goldman Sachs Asset Management

We are excited to announce that we have entered into an agreement to acquire LCN Capital Partners ("LCN"), a leading real estate investment manager. Welcoming LCN broadens the solutions we can offer investors seeking exposure to alternatives and private real estate. This partnership reinforces our commitment to delivering differentiated value to clients globally. Read the full announcement: http://ms.spr.ly/6047az6xN

Today's markets are defined by complexity: rapid innovation, evolving policy, and shifting global dynamics. We bring you the perspectives that may turn uncertainty into potential opportunity. Subscribe to our Asset Management Newsletter for investment views delivered to your inbox: http://ms.spr.ly/6046aymN2

How is AI and Value Creation reshaping the future of investing? We believe AI has the potential to become a meaningful driver of investment returns, helping to surface sector dispersion. Our newly launched platform, AlphaAI, coupled with our Value Accelerator, seeks to harness this potential to help unlock new sources of value for investors. To lead this next chapter of investment innovation, Lou D'Ambrosio has been appointed as Chairman of Artificial Intelligence for Asset Management to head AlphaAI, while Darius Adamczyk assumes global leadership of our Value Accelerator. Working in close partnership, their complementary mandates in AI and Value Creation reflect our deep conviction in the power of technology to drive alpha and may deliver differentiated returns for our clients.

Today, we announced that we have entered into an agreement to acquire NEOS Investments, a specialized provider of option income ETF solutions. As investor demand for innovative income and outcome-oriented strategies continues to grow, we remain focused on expanding the capabilities and solutions we offer across our ETF platform. NEOS' expertise complements our existing strengths and enhances our ability to provide investors with a broader range of tools designed to help meet their evolving needs. We believe this acquisition represents another important step in our commitment to delivering differentiated investment solutions for our clients. Read more in the press release: http://ms.spr.ly/6043aHaeW

We are excited to announce our partnership with NVIDIA and five financial institutions to establish AI compute infrastructure financing platforms to mobilize over $500 billion of third-party capital over time. These platforms are the first of their kind at global scale, designed with the aim to underwrite AI infrastructure and provide NVIDIA customers with access to scarce compute at attractive rates – reflecting a shared conviction in the enduring demand for AI and the potential investment opportunity it represents. We believe this partnership strengthens our commitment to delivering innovative solutions for our clients. Learn more: http://ms.spr.ly/6040aHwfe

We are pleased to announce that our Life Sciences team has co-led a Series B financing for Vaderis Therapeutics, a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare vascular diseases. The investment will support the continued advancement of engasertib, an investigational oral therapy for hereditary hemorrhagic telangiectasia (HHT), a genetic vascular disorder for which there are currently no approved treatments worldwide. We are proud to support Vaderis as the company takes an important step toward advancing a potential first therapy specifically developed for patients living with HHT. Read more in the press release: http://ms.spr.ly/6046aHJuu

We are pleased to announce that our Infrastructure team has signed an agreement to acquire Tosca, a leading global provider of reusable asset pooling and logistics solutions serving the food supply chain. The transaction reflects our conviction in the growing importance of efficient, resilient, and sustainable supply chain infrastructure. Tosca’s extensive asset base, integrated service and wash network, and long-standing customer relationships underpin its mission critical role in the food supply chain. We look forward to partnering with Tosca’s management team to support the Company’s next phase of growth, focused on driving further wash center automation, technology deployment, and strategic expansion across North America and Europe. Read more in the press release: http://ms.spr.ly/6049aGodR

Alpha can come from many sources. In our view, combining fundamental and quantitative equity approaches may offer portfolio advantages to investors through complementary return patterns, low correlations, and improved portfolio efficiency. Read more: http://ms.spr.ly/6045aEtV1

As index concentration continues to challenge traditional long-only equity portfolios, how might allocators seek to capture active returns? We believe low-tracking-error and long/short extension strategies may offer a powerful solution, potentially allowing managers to translate alpha views into portfolio active weights through a data-driven approach. Read our thoughts on why today's elevated dispersion and volatility may be creating a favorable environment for hedge fund alpha generation: http://ms.spr.ly/6042aDAbY

We are pleased to announce that Canoe Intelligence, a portfolio company of the Growth Equity business at Goldman Sachs Alternatives, has entered into a definitive agreement to be acquired by Bloomberg. Canoe is a leading AI-powered data management and intelligence platform for automating private markets which has grown rapidly since our investment, now processing over 1.5 million documents per month across more than 44,000 funds and delivering portfolio-ready insights to over 500 institutional clients representing more than $11 trillion in assets under service. We congratulate the entire Canoe team on this exciting next chapter. Read more in the press release: http://ms.spr.ly/6043vhNY9