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November 9, 2018

Goldman Sachs Asset Management to buy Rocaton Investment Advisors

Goldman Sachs Asset Management (GSAM) has agreed to buy Rocaton Investment Advisors, which offers advisory and discretionary investment services to institutional investors.

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Based in Connecticut’s Norwalk region, Rocaton tends to various institutional clients such as financial intermediaries, endowments, foundations, retirement plans, as well as healthcare and insurance firms. The business managed over $600bn in assets at the end of September 2018.

Employees of Rocaton will continue to operate from their existing Norwalk base following completion of the acquisition.

Goldman Sachs co-heads of the consumer and investment management (CIMD) division Timothy O’Neill and Eric Lane said: “Rocaton’s team brings deep industry expertise and value to our growing platform, which will allow us to offer more holistic and customised services to our clients.”

The deal, whose financial terms were not revealed, is expected to be wrapped up in the first half of next year.

Rocaton CEO Robin Pellish said: “Joining Goldman Sachs will allow our clients to benefit from the broad offerings, global resources and respected investment acumen of one of the world’s leading investment advisers.”

GSAM is part of Goldman Sachs’ CIMD arm, which managed over $1.5 trillion in assets at the end of September 2018. CIMD has more than 700 investment professionals and over 1,000 wealth advisers.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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