Companies Owned by Goldman Sachs (2026)

Is Goldman Sachs incorporated in Delaware?

Yes. The parent company, The Goldman Sachs Group, Inc., is a Delaware corporation. Its certificate of incorporation was originally filed with the Delaware Secretary of State on July 21, 1998, the year Goldman prepared for its 1999 initial public offering. Like the overwhelming majority of large US public companies, Goldman chose Delaware as its legal home even though its operational headquarters is at 200 West Street in New York. The choice was deliberate and entirely conventional: when a company expects to go public, raise capital, and answer to institutional shareholders, Delaware is the path of least resistance, because investors, underwriters, and courts all already understand Delaware corporate law.

The firm’s Delaware registered office is listed at the Corporation Trust Center, 1209 Orange Street, Wilmington — an address shared by tens of thousands of other entities, because that building is the office of a major registered-agent provider rather than a Goldman facility. That is exactly how Delaware incorporation works: the company exists legally in Delaware through a registered agent, while the people and offices sit elsewhere. The registered agent receives legal notices and state correspondence on the company’s behalf, and the entity itself can be operated from anywhere. The same separation is what lets a founder anywhere in the world own a Delaware entity, a point our Delaware registered agent guide explains in plain terms.

Goldman’s choice underscores why Delaware is the default home of incorporation for serious US companies: a specialized business court, a predictable and frequently updated corporate statute, and a deep bench of case law that makes outcomes more foreseeable than in most states. None of that requires being a bank or a Fortune 500 company — the same Delaware LLC framework is available to a single non-resident founder, and the underlying logic is identical even though the scale could not be more different.

What companies does Goldman Sachs actually own?

Goldman is structured very differently from a consumer conglomerate. It does not own dozens of household-name brands the way a Procter & Gamble or a Nestlé does. Instead it operates almost entirely through wholly owned subsidiaries that carry the Goldman name or a closely tied brand. When Goldman buys a company, the usual pattern is to integrate it and retire the old name, not to run it as a standalone label. That is why “companies owned by Goldman Sachs” lists tend to be either short and accurate or long and badly out of date.

The brands and subsidiaries that are genuinely owned and operating today are a compact list. Goldman Sachs Bank USA is the chartered banking subsidiary that holds deposits and makes loans. Marcus by Goldman Sachs is the consumer-facing name on top of that bank. Goldman Sachs Asset Management is the investing arm, into which the firm folded NN Investment Partners after acquiring it in 2022. Ayco — formally The Ayco Company — is a wholly owned registered investment adviser focused on executive financial planning, acquired back in 2003 and retained ever since. Petershill Partners, which invests in alternative-asset managers, was taken private and folded back into the asset-management business in late 2025 after a period as a separately listed entity.

Beyond those, Goldman holds stakes in many companies through its merchant banking and asset-management funds. Those are investments — minority or fund-held positions — rather than owned operating brands, and they change constantly as funds buy and sell. The distinction matters: a fund position is not the same as a subsidiary you control and consolidate into your financial statements. A list of “companies Goldman has invested in” would run to thousands of names and would tell you almost nothing about what Goldman owns. The sections below stick to entities Goldman genuinely owns and runs, and then separate out the names people most often get wrong.

What is Marcus by Goldman Sachs, and is it still owned?

Marcus by Goldman Sachs is Goldman’s consumer deposits brand, offering high-yield online savings accounts and certificates of deposit. Despite the standalone-feeling name, Marcus is not a separate company — it is a brand layered on Goldman Sachs Bank USA, the chartered bank subsidiary. When you open a Marcus savings account, the deposit product is provided by that bank, and your relationship is ultimately with a Goldman subsidiary, not with an independent fintech.

Marcus launched in 2016 as the front end of Goldman’s push into consumer finance, a strategy meant to diversify the firm away from its traditional trading and investment-banking core. That broader consumer ambition has been scaled back sharply over the past few years — Goldman has stepped away from several consumer-lending and point-of-sale efforts, taking real losses in the process. But the Marcus savings franchise remained an active, Goldman-owned brand as of 2026, and it is the clearest everyday example of Goldman owning a recognizable consumer name while running it through a subsidiary rather than as an independent entity.

The Marcus story is a useful illustration of how ownership and branding can diverge. A customer may never realize that “Marcus” is simply a marketing name for deposits held at Goldman Sachs Bank USA. When you research who owns what, it is worth pushing past the brand to the legal entity underneath — exactly the discipline you apply when you decide what your own company will be called versus which entity actually signs the contracts and holds the bank account.

Did Goldman Sachs buy NN Investment Partners and what is the asset-management arm?

Yes. Goldman Sachs Asset Management completed its acquisition of NN Investment Partners from the Dutch insurer NN Group in April 2022, in a deal valued at roughly €1.7 billion. Rather than keep NN Investment Partners as a branded subsidiary, Goldman integrated it into Goldman Sachs Asset Management, adding European equity, fixed-income, and sustainable-investing capabilities along with a meaningful presence in the Netherlands. The acquisition pushed Goldman’s assets under supervision higher and reinforced its standing among the largest active asset managers in the world.

This is the textbook Goldman acquisition: buy a capability, fold it into an existing Goldman business, and operate it under the Goldman name. So while it is accurate to say Goldman “owns” what was once NN Investment Partners, you will not find it running today as a separate brand — the asset-management arm is the owned business, and the old name has largely been retired. The same is true of Petershill Partners, which Goldman Sachs Asset Management built up from 2007 and which it took back private and in-house in late 2025; it invests in stakes of other alternative-asset managers, but it is operated by Goldman, not run as an arm’s-length brand.

The asset manager’s funds and entities, like Goldman’s parent, are themselves frequently organized in Delaware, which is why understanding Delaware formationis useful even when the headlines are about a multibillion-dollar fund manager. Investment funds, holding vehicles, and special-purpose entities are routinely set up as Delaware LLCs or limited partnerships precisely because the state’s law around fiduciary duties, member rights, and dispute resolution is so well-developed. The mechanics that a giant uses for a fund are the same mechanics a founder uses for an operating company.

Which Goldman Sachs brands are commonly mistaken as owned but are NOT?

A lot of “companies owned by Goldman Sachs” lists are simply out of date, or they confuse a partnership with ownership. Three names come up repeatedly and are worth correcting, because getting them wrong is the single most common mistake in this topic:

• GreenSky. Goldman acquired this home-improvement and point-of-sale lender in a deal that closed in 2022, then sold it in March 2024 to a consortium led by Sixth Street (alongside KKR, Bayview Asset Management, and CardWorks), reportedly for a fraction of the purchase price. Goldman no longer owns GreenSky.
• United Capital / Goldman Sachs Personal Financial Management. Goldman bought United Capital in 2019 and rebranded it as Personal Financial Management, then sold that business to Creative Planning in 2023. It is no longer a Goldman brand, though Ayco — a different wealth business — was retained.
• Apple Card and Apple Savings. Goldman was the issuing bank partner, not the owner — the product belongs to Apple. In January 2026 Goldman agreed to transition the Apple Card program to Chase over roughly the following two years. A banking partnership is not ownership.

The pattern here is important if you are researching corporate structures: ownership, a fund investment, and a service partnership are three different things, and they are easy to blur. An acquired company that was later sold is no longer owned; a fund holding is an investment, not control; and a company that issues a product under another company’s brand is a partner, not a parent. Only an entity Goldman controls and consolidates counts as “owned.”

That same precision matters when you set up your own company and decide what your Delaware LLC actually holds versus merely contracts with. A clean structure makes it obvious which entity owns your intellectual property, which one signs supplier agreements, and which one holds the bank account — and it keeps you from accidentally implying you own something you only have a contract with.

The table below pulls the whole picture together, separating what Goldman genuinely owns and operates from what it has sold or never owned. It is a snapshot, and corporate structures shift, so treat it as an orientation rather than a legal record — always confirm current ownership from primary filings before relying on it for anything that matters.

The takeaway is that Goldman’s owned footprint is narrower and more integrated than the typical list implies. Almost everything routes back to one Delaware parent and a handful of subsidiaries. There is no sprawling family of consumer brands — just a bank, an asset manager, a wealth-planning adviser, and the brands layered on top of them.

Why does Goldman Sachs use a Delaware holding structure?

The Goldman Sachs Group, Inc. is the publicly traded parent, and beneath it sit the operating subsidiaries — the bank, the asset manager, the broker-dealer, and so on. Organizing as a Delaware parent with subsidiaries gives a large firm clean lines of liability, predictable governance, and access to the Delaware Court of Chancery, the business court whose rulings shape US corporate law. If a dispute arises with a shareholder, a counterparty, or between subsidiaries, the parties know which court will hear it and roughly how it is likely to be decided. That predictability has real economic value, which is a large part of why so many public companies converge on Delaware.

A founder does not need that complexity on day one, but the underlying logic scales down. Many small businesses eventually want a holding entity that owns one or more operating entities — for example, a brand company and a separate company that holds intellectual property, or a parent that owns several product lines each in their own LLC. Delaware is a natural home for that because the law is well-settled and the filing process is fast and remote. You can form the parent and the subsidiaries in the same state, with the same registered agent, and keep the whole structure under one predictable legal system.

If you expect to raise venture capital later, investors typically prefer a Delaware C-Corp— the same entity type as Goldman’s parent — rather than an LLC, because the C-Corp framework is what their funds, option pools, and preferred-stock terms are built around. That is worth knowing before you pick your structure. For most founders, though, a single Delaware LLC is the right starting point, and you can layer a holding structure on later if the business genuinely grows into it. Building the holding company first, with no operations under it, usually just adds cost and paperwork.

How can a non-resident founder form a Delaware company and open banking?

You do not need Goldman’s scale, lawyers, or US presence to use the same Delaware framework. A non-resident can form a Delaware LLC as a non-resident with no US Social Security Number, no visa, and no US address. The legal steps are the same ones Goldman’s formation would have followed, just at a vastly smaller scale and without a syndicate of underwriters.

• Name and entity choice. Pick an available Delaware name and decide between an LLC and a C-Corp. Most founders start with an LLC; choose a C-Corp mainly if you intend to raise venture capital.
• Certificate of Formation. We file with the Delaware Division of Corporations, with the state filing fee included, and the entity exists in about 48 hours.
• EIN. We apply for your federal EIN using Form SS-4. Without an SSN this takes about 2 to 4 weeks, the slowest step in the sequence, because the IRS processes these applications by fax or mail.
• Banking and payments. With the EIN, you apply for a US business bank account and for Stripe. Each provider decides independently, so we help you apply cleanly and to a backup if the first declines.

On the banking side, the contrast with Goldman is instructive. Goldman holds deposits inside its own chartered bank; a normal founder uses a US business bank account at a fintech instead. Once your EIN is issued, US fintech banks open business accounts for non-residents entirely online, with no US visit required. Approval is always the bank’s decision, so the realistic plan is to apply where you fit best and keep a backup ready rather than assuming any single application will be approved.

With a US account in the LLC’s name, you can receive customer payments, pay suppliers, and connect a payment processor. Funds typically settle within 1 to 5 business days after the EIN is in hand and the account is live. Our Delaware LLC banking guide walks through which providers tend to fit which founder profiles, and the prerequisites — a formed entity, a finished EIN, and consistent details across documents — are the same everywhere. The full walkthrough is on our how it works page, and the federal-ID detail is in our EIN for a Delaware LLC guide.

What does it cost to run a Delaware company, year one and after?

Our service is a single flat fee of $397, and the Delaware state filing fee is already included — there is no separate state charge to add on. That one payment covers the Certificate of Formation, the EIN application, a registered agent for year one, your operating agreement, and US bank and Stripe application support. It is a world away from Goldman’s compliance budget, which runs to whole departments, and that is exactly the point: the entry cost for a founder is small and fully knowable in advance.

From year two, a Delaware LLC owes a flat $300 franchise tax, due June 1, plus a registered-agent renewal. There is no annual report for an LLC, so the franchise tax is the whole state obligation. Miss the June 1 deadline and Delaware adds a $200 penalty plus 1.5% interest per month, and the LLC loses good standing until it catches up, which is why we track the date for you.

One point that trips up founders who read about Goldman: the “authorized shares” and “assumed par value” franchise-tax methods you may see discussed apply to corporations only, never to LLCs. Those methods are why a large Delaware corporation’s franchise tax can run into the tens of thousands of dollars. An LLC simply pays the flat $300 regardless of size or members. So while Goldman’s corporate parent faces a far more complex calculation, your LLC’s state bill is fixed and small. The full breakdown is on our Delaware franchise tax and Delaware LLC cost pages.

What federal filings should a foreign-owned Delaware LLC plan for?

If your single-member Delaware LLC is owned 25% or more by a non-US person and treated as a disregarded entity, the IRS requires Form 5472 each year, attached to a pro-forma Form 1120. It reports reportable transactions between you and your LLC, such as capital you contribute or amounts you draw out. The penalty for failing to file is $25,000 under IRC 6038A, and the return is due April 15 (extendable with Form 7004), so most non-resident owners treat it as mandatory and calendar it well in advance. The detail is in our Form 5472 for Delaware LLCs guide.

Income tax is separate and fact-specific: whether a non-resident owes US income tax depends on whether the activity is a US trade or business and on any applicable tax treaty, so confirm your own position with a CPA rather than relying on a general rule. For payment platforms, the US 1099-K reporting threshold is now more than $20,000 and more than 200 transactions in a year, after a 2025 law repealed the much lower threshold that had been proposed — so do not rely on outdated $600 figures you may still see floating around. Our Delaware LLC taxes overview puts these pieces together for a non-resident-owned company, and a CPA can confirm how they apply to your specific situation.

A note on BOI / FinCEN beneficial ownership reporting

Beneficial ownership reporting under the Corporate Transparency Act has changed and remains in flux. In March 2025, FinCEN issued an interim final rule that removed beneficial-ownership reporting obligations for US domestic reporting companies. Under that rule, only certain foreign reporting companies registered to do business in the US must report, and US-formed domestic entities are generally exempt. This was a significant shift from the rules as originally written, and it is the reason older articles quoting fixed deadlines should not be taken at face value.

Because this area is still evolving and may shift again, do not treat any summary as final. Before relying on your filing status, confirm the current FinCEN requirements at the source or with a professional. We monitor these changes and flag them to founders we work with, but the duty to file if required ultimately rests with the company owner. The same caution applies to everything on this page about Goldman’s structure: ownership changes, brands are bought and sold, and primary filings are always the authoritative record. When in doubt, go to the source rather than to a list.

Many of these companies chose Delaware for the same reasons founders do today — the Court of Chancery, flexible LLC statutes, and strong privacy protections. Form your Delaware LLC for $397, all-inclusive, in 48 hours. Form your Delaware LLC → | Read the complete Delaware LLC guide →