Global investment firms Goldman Sachs and Baltimore-based T. Rowe Price announced a collaboration on providing private and public investment services, with Goldman Sachs investing $1 billion in T. Rowe Price stock for a 3.5% stake.

The partnership, announced Thursday, will see both investment companies leveraging their strengths to provide services for private and public market investments.

New services include co-branded target-date strategies using T. Rowe Price’s private investment products and retirement expertise, including jointly created co-branded model portfolios, multi-asset offerings in the private and public market and personal advice solutions and adviser-managed accounts. These services launch in mid-2026.

“This investment and collaboration represent our conviction in a

See Full Page