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David Solomon, Goldman Sachs's chief executive, said Industry Ventures 'pioneered venture secondary investing and early-stage hybrid funds'Photo: Kent Nishimura/Getty Images
Goldman Sachs has acquired venture capital firm Industry Ventures for nearly $1bn in a boost to its asset management unit.
The Wall Street investment bank, which has been bolstering its wealth and asset management business in recent years, has acquired the San Francisco-based firm, which has around $7bn in assets under management, it said in a statement.
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