Goldman Sachs Asset Management

So, yeah, the process is still going.

As we talked about last time, we announced, I guess it's about a month ago now, in the middle of August, that Neos entered a transaction to be acquired by Goldman Sachs Asset Management.

And kind of bring over not only our ETFs to Goldman, but the entire team.

So that's exciting for us that all 30 plus people here are going to be moving over under the Goldman Sachs umbrella.

Um, but go ahead and make your voice heard, um, so that you can, uh, have a, have a say in, you know, what the future of the newest product line is.

So, all right.

So thank you for sharing all the information about the proxy, um, vote this coming up that you guys are undergoing and the transition over to the Goldman Sachs asset management umbrella.

But really appreciate your time talking through that as well as Nihi today.

What can you guys do?" Which is our opportunity then to, to show the difference in, uh, in our technology.

You raised a $65 million Series C in a round led by Growth Equity at Goldman Sachs Alternatives earlier this year.

There was $35 million in debt also, so just a very big six months for you.

Yes.

Goldman Sachs BDC is an externally managed business development company created to invest primarily in American middle market businesses.

Its investment advisor is Goldman Sachs Asset Management, giving the BDC access to Goldman Sachs' broader credit platform, research capabilities, and deal sourcing network.

The company's primary objective is generating current income through privately originated loans.

with capital appreciation serving as a secondary objective.

We're excited about this one because of the capabilities and the team coming together going forward.

But in early August, Neos agreed to join Goldman Sachs Asset Management.

And so our entire team, myself, Troy, everyone here at Neos will be joining Goldman once we get the final deal across the finish line.

But why we're excited about that is what we've seen in Goldman from investment capabilities, team capabilities, cultural fit, and the opportunity also to continue doing what Neos does today is really exciting.

That's a good question because it's come up, obviously, as we're talking to advisors and people that invest in these funds.

Tickers are staying the same.

The team here, we're very happy to say everybody's coming to be part of the greater Goldman Sachs asset management organization.

Next time we talk, if the deal is closed, we're still going to be sitting here, same background.

Welcome to Goldman Sachs Exchange's Great Investors.

Today, I sit down with Rich Friedman, the chairman of Goldman Sachs Asset Management and one of the foremost leaders in alternative investing.

Welcome to Great Investors, Rich.

It's so great to have you here.

I'm Mike Welberg, and I'm joined today by Eddie Perkin.

Eddie spent about 20 years between Eaton Vance, which is now part of Morgan Stanley, where he led a team of 70 as the chief investment officer for their $75 billion in global equities, and then as CIO for international and emerging markets equity at Goldman Sachs Asset Management.

A market veteran whose career has been devoted to improving investment decision-making, Eddie combines extensive practical experience with a deep interest in behavioral finance and organizational decision-making.

And in recent weeks, he published a book capturing the key learnings from his life in the markets.

It's about the staggering amount of hidden distress across the entire $1.8 trillion market.

A recent study by Goldman Sachs Asset Management looked at 150 European companies that had hit a credit event since 2017.

Only four of those 150 companies ever went through a public bankruptcy.

The other 146 were quiet handovers where the lenders simply took the keys to the business to avoid the public spotlight.

Let's continue the market conversation around earnings, yields, the Fed's next move.

Bring in Luke Bars, Chief Business and Current Officer for Fundamental Equity at Goldman Sachs Asset Management.

Luke, it's great to have you on the show.

Welcome to you.

This is another story we've done again.

Brian Lake, Goldman Sachs asset management chief transformation officer there and co-head of third party wealth.

Let's talk about Nios.

Goldman Sachs Asset Management goes out and buys another ETF issuer complex.

This time it's Nios.

Before, it was Innovator Capital.

There's a common theme developing here.

What exactly is Goldman Sachs Asset Management looking for when it comes to ETFs?