Goldman Sachs and Phoenix Financial Announce Strategic Partnership
NEW YORK and TEL AVIV – October 15, 2026 – Goldman Sachs (NYSE: GS) and Phoenix Financial (TASE: PHOE) (“Phoenix”), a leading Israel-based financial platform and asset manager, today announced a strategic partnership focused on the deployment and co-investment of investments across a range of global credit strategies, spanning corporate, asset-backed, real estate and infrastructure debt.
Under the agreement, Phoenix expects to deploy more than $4 billion of client and corporate assets across international private credit opportunities. The partnership will provide Phoenix with access to Goldman Sachs Alternatives’ global sourcing, origination, underwriting and investment capabilities across the credit spectrum from private investment-grade credit and senior direct lending to opportunistic credit for the benefit of Phoenix clients. In addition, Phoenix and Goldman Sachs will explore additional investment, savings, and insurance collaboration opportunities.
“Goldman Sachs has invested in private credit for 30 years, expanding our platform as private credit became a capital engine for the global economy. Phoenix clients will now access attractive investment opportunities through our differentiated origination and credit selection capabilities,” said David Solomon, Chairman and CEO of Goldman Sachs.
Private Credit at Goldman Sachs Alternatives is one of the world’s largest private credit investors with $230 billion in assets across direct lending, mezzanine debt, hybrid capital and asset-based lending strategies as of June 30, 2026. Established in 1996, the team’s deep industry and product knowledge, extensive relationships and global footprint deliver scaled outcomes with speed and certainty.
Phoenix is the largest asset manager in Israel, with more than $220 billion in assets under management. Phoenix deploys capital globally across asset classes and geographies, and continues to broaden its activities through international partnerships. The partnership with Goldman Sachs underscores Phoenix’s commitment to build scale and support its future growth in the Israeli market by investing globally, while providing Israeli clients with access to distinctive international investment opportunities. Phoenix believes that high-quality private credit can contribute income, diversification and attractive risk-adjusted returns across market cycles.
Eyal Ben Simon, CEO of Phoenix Holdings, said: “We are pleased to partner with Goldman Sachs as we expand our global activities alongside leading asset managers. High-quality private credit can enhance portfolio diversification and provide attractive risk-adjusted returns across market cycles. By investing across the private credit spectrum, we aim to deliver additional performance and diversification benefits to our clients while expanding the partnership over time.”
About Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $706 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $4.1 trillion in assets under supervision globally as of September 30, 2026.
About Phoenix Financial
Phoenix Financial (TASE: PHOE) is a leading Israeli financial platform and asset manager with over $220 billion assets under management. Phoenix operates across multi-line insurance and asset management activities, including fund management, wealth solutions, retirement, advisory, brokerage, employee stock option administration, and credit origination. Phoenix trades on the Tel Aviv Stock Exchange within leading equity indices, including Tel Aviv 35, MSCI World, MSCI Israel, FTSE Developed, and Bloomberg Developed Markets.