Goldman Sachs Asset Management (GSAM) is acquiring Imprint Capital, an institutional impact investing firm, GSAM announced Monday.
Imprint Capital, based in San Francisco, has $550 million in assets under management. The firm specializes in developing investment solutions that generate measurable environmental, social, and effective governance (ESG) impact alongside a financial return.
As part of the transaction, the Imprint team will join GSAM and continue to be based in San Francisco and maintain a presence in New York. The terms of the transaction, which is expected to close in the next few months, were not released.
“GSAM’s acquisition of Imprint’s business affirms our strong commitment to ESG and impact investing and providing our clients with innovative investment solutions,” Timothy J. O’Neill and Eric S. Lane, co-heads of the Investment Management Division at Goldman Sachs, said in a prepared statement. “The holistic ESG and impact investing portfolio advisory capabilities that we gain from this acquisition are a strong complement to the existing ESG offerings within GSAM.”
Goldman Sachs Asset Management is the asset management arm of the Investment Management Division in The Goldman Sachs Group Inc., which oversees $1.18 trillion in assets under supervision.