Goldman Sachs Asset Management is acquiring environmental, social and governance consultant Imprint Capital, said David Wells, GSAM spokesman.
Terms of the deal are not being disclosed, and the acquisition is expected to close within the next few months, Mr. Wells said. The Imprint Capital team will join Goldman Sachs Asset Management and continue to be based in San Francisco.
“(The) acquisition of Imprint’s business affirms our strong commitment to ESG and impact investing and providing our clients with innovative investment solutions,” said Timothy J. O’Neill and Eric S. Lane, co-heads of The Goldman Sachs Group’s investment management division, in a news release from GSAM. “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.”
Among Imprint’s clients is the $8.3 billion W.K. Kellogg Foundation, Battle Creek, Mich., according to an Imprint Capital news release.
Goldman Sachs Asset Management had $1.18 trillion in assets under management as of March 31.