On the Record · Goldman Sachs
Goldman Sachs acquisitions, on the record
The businesses Goldman Sachs bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Personal Financial Management (PFM) businessWord for word“During 2023, we sold our Personal Financial Management (PFM) business.” 10-K for 2023 | divestiture | During 2023 | — |
GreenSkyWord for word“For example, in the fourth quarter of 2023, we entered into an agreement to sell GreenSky and sold PFM, both of which we had previously acquired, and in connection with the GreenSky disposition incurred a write-down of intangible assets and goodwill.” 10-K for 2023 | agreed divestiture | in the fourth quarter of 2023 | — |
NN Investment Partners (NNIP)Word for word“Acquisitions for 2022 included inflows from the acquisitions of NNIP and NextCapital Group, Inc., and from the acquisition of the assets of Bombardier Global Pension Asset Management Inc.” 10-K for 2023 | acquisition | 2022 | — |
NextCapital Group, Inc.Word for word“Acquisitions for 2022 included inflows from the acquisitions of NNIP and NextCapital Group, Inc., and from the acquisition of the assets of Bombardier Global Pension Asset Management Inc.” 10-K for 2023 | acquisition | 2022 | — |
assets of Bombardier Global Pension Asset Management Inc.Word for word“Acquisitions for 2022 included inflows from the acquisitions of NNIP and NextCapital Group, Inc., and from the acquisition of the assets of Bombardier Global Pension Asset Management Inc.” 10-K for 2023 | acquisition | 2022 | — |
GreenSkyWord for word“Group Inc. issued $ 1.75 billion of equity in connection with the acquisition of GreenSky.” 10-K for 2023 | acquisition | — | $ 1.75 billion |
GreenSky Holdings, LLCWord for word“For example, in 2024, we sold GreenSky Holdings, LLC, which we had previously acquired, and in connection with the disposition we incurred a write-down of intangible assets and goodwill.” 10-K for 2024 | divestiture | in 2024 | — |
GM credit card programWord for word“During 2024, we entered into an agreement to transition the GM credit card program (included within Platform Solutions) to another issuer.” 10-K for 2024 | agreed divestiture | During 2024 | — |
NN Investment PartnersWord for word“During 2022, our AUS increased $77 billion due to the impact of acquisitions (primarily related to the acquisition of NN Investment Partners) and net inflows (across all asset classes), partially offset by net market depreciation (primarily in fixed income and equity assets).” 10-K for 2024 | acquisition | During 2022 | — |
Innovator Capital ManagementWord for word“In December 2025, we entered into an agreement to acquire Innovator Capital Management. ” 10-K for 2025 | agreed acquisition | In December 2025 | — |
Industry VenturesWord for word“This acquisition closed in January 2026.” 10-K for 2025 | acquisition | January 2026 | — |
PFM businessWord for word“• We sold our PFM business in 2023 (included within Asset & Wealth Management).” 10-K for 2025 | divestiture | 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | −$14.92 billion |
| 2017-12-31 | $2.38 billion |
| 2018-12-31 | $162 million |
| 2019-12-31 | $803 million |
| 2020-12-31 | $231 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $2.12 billion |
| 2023-12-31 | −$487 million |
Deal filings since 2016
Read from Goldman Sachs’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.