Home Breadcrumb caret Industry News Breadcrumb caret Industry Goldman Sachs invests in alternative investment firm Slate Slate says the day-to-day operations and management of the company will remain unchanged By The Canadian Press | August 19, 2019 | Last updated on August 19, 2019 1 min read © Lenetsnikolai / 123RF Stock Photo Goldman Sachs’ asset management-focused unit has taken a minority stake in Toronto-based alternative investment firm Slate Asset Management LP. Slate announced a passive, non-voting minority equity investment from Goldman Sachs Asset Management’s Petershill program, but did not disclose the financial terms. The Toronto-based firm with a focus on real estate and real assets says it will use the U.S. banking giant’s investment to enhance its platform, as well as increase certain investments. Slate says the day-to-day operations and management of the company will remain unchanged. Slate has more than $6 billion in assets under management, and has completed more than $11 billion of transactions across Canada, the U.S. and Europe. Goldman’s Petershill program provides strategic capital to mid-sized asset management firms and has investments in more than 20 companies. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo