Key Takeaways
- • Goldman Sachs has formed an Alternative Investment Platform to scale private market and alternatives offerings for wealth clients, with the business led by partner Matt Doherty continuing in his existing leadership role.
- • The platform centers on ACM (Asset and Wealth Management's alternatives division), positioned as one of the leading global allocators, and will expand investment opportunities across managed and externally managed strategies via the Alternatives Portfolio Services (APS) platform.
- • Goldman Sachs established two new specialized units: a Private Company Investments team (PCI) led by Sam Cantor, combining fiduciary single-asset and family office direct investment capabilities; and a Secondary Advisory Group focused on structuring liquidity solutions.
- • The Private Company Investments team will integrate the single-asset investment business from ACM with the family office-focused direct investment business from Apex, with Matt Tyas joining to lead the family office segment in collaboration with Apex.
- • The reorganization reflects Goldman Sachs' strategic focus on expanding alternatives and private markets capabilities to serve high-net-worth and family office clients seeking direct investment exposure across private equity, private credit, real estate, infrastructure, and secondary opportunities.
Summary
Goldman Sachs has formally created an Alternative Investment Platform designed to consolidate and expand its alternative investment and private markets capabilities, according to an internal memo distributed late July 2026. The initiative builds on existing business units and represents a strategic scaling of the firm's wealth management offerings in alternatives, reflecting sustained institutional demand for exposure to private markets across multiple asset classes.
The Alternative Investment Platform is anchored by ACM, Goldman Sachs' established alternatives division, which the firm describes as "one of the leading allocators globally." ACM will continue to serve as the core for wealth clients and will maintain its focus on curating a best-in-class alternatives platform while advising clients on portfolio construction and managing discretionary portfolios through the Alternatives Portfolio Services (APS) platform. The team will expand investment opportunities across both internally managed strategies and externally managed vehicles.
Operationally, Goldman Sachs has created two additional specialized units beneath the platform. The Private Company Investments team, led by Sam Cantor, consolidates two previously separate businesses: the fiduciary single-asset investment business previously within ACM and the family office-focused direct investment business operating within Apex, Goldman Sachs' private markets investment division. Matt Tyas has joined the team to lead the family office direct investment segment, working collaboratively with Apex—the firm's internal organization that provides investment opportunities, intellectual capital, and deal flow sourced from Goldman Sachs and partner networks. The Secondary Advisory Group has been established to focus on structuring and facilitating liquidity solutions for clients and the broader Alternative Investment Platform.
Partner Matt Doherty continues to lead the overall alternatives business, maintaining continuity during the reorganization. This structural change enables Goldman Sachs to offer wealth and family office clients a more integrated suite of private market opportunities spanning private equity, private credit, real estate, infrastructure, and secondary investments, while maintaining separate advisory and structuring capabilities for liquidity management.
The Alternative Investment Platform is anchored by ACM, Goldman Sachs' established alternatives division, which the firm describes as "one of the leading allocators globally." ACM will continue to serve as the core for wealth clients and will maintain its focus on curating a best-in-class alternatives platform while advising clients on portfolio construction and managing discretionary portfolios through the Alternatives Portfolio Services (APS) platform. The team will expand investment opportunities across both internally managed strategies and externally managed vehicles.
Operationally, Goldman Sachs has created two additional specialized units beneath the platform. The Private Company Investments team, led by Sam Cantor, consolidates two previously separate businesses: the fiduciary single-asset investment business previously within ACM and the family office-focused direct investment business operating within Apex, Goldman Sachs' private markets investment division. Matt Tyas has joined the team to lead the family office direct investment segment, working collaboratively with Apex—the firm's internal organization that provides investment opportunities, intellectual capital, and deal flow sourced from Goldman Sachs and partner networks. The Secondary Advisory Group has been established to focus on structuring and facilitating liquidity solutions for clients and the broader Alternative Investment Platform.
Partner Matt Doherty continues to lead the overall alternatives business, maintaining continuity during the reorganization. This structural change enables Goldman Sachs to offer wealth and family office clients a more integrated suite of private market opportunities spanning private equity, private credit, real estate, infrastructure, and secondary investments, while maintaining separate advisory and structuring capabilities for liquidity management.
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