Goldman Sachs Alternatives Acquires FGI Worldwide to Expand Commercial Finance
Goldman Sachs Alternatives has acquired FGI Worldwide, a prominent provider of working capital financing and trade credit insurance for small and mid-sized enterprises. This strategic move aims to accelerate FGI’s growth and expand Goldman’s presence in asset-based lending and Insurtech. Concurrent with the transaction, FGI Co-Founder Sami Altaher succeeds David DiPiero as CEO. While financial terms remain undisclosed, the deal leverages Goldman’s global resources to enhance FGI’s technology-driven platform, marking a significant expansion in Goldman’s alternative investments portfolio within the commercial finance sector.
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Goldman Sachs Acquires FGI Worldwide to Expand Private Markets Presence
Goldman Sachs has acquired FGI Worldwide, a New York-based specialty lender specializing in working capital financing and trade credit insurance for small and mid-sized businesses. The deal, executed by Goldman Sachs Alternatives' private equity arm, marks the first institutional investment in the 25-year-old firm. This acquisition aligns with Goldman's strategy to strengthen its asset-based lending capabilities, identified as a core growth pillar within its asset and wealth management division. Despite recent credit headwinds affecting Goldman's business development company, which reported a 3.7% decline in net asset value per share in early 2026, executives remain committed to expanding their alternatives platform. FGI operates through three units: FGI Finance, FGI Risk, and FGI Tech, offering asset-based lending and proprietary software for credit insurance management. Sami Altaher, FGI co-founder, will assume the role of CEO, succeeding David DiPiero. The transaction underscores Goldman's intent to deploy capital into niche credit markets largely untouched by large commercial banks, leveraging FGI's underwriting expertise and technology infrastructure to drive future growth amid a record fundraising year for the firm's alternatives division.
InvestmentNewsGoldman Sachs Alternatives Acquires Commercial Finance Firm FGI
Goldman Sachs Alternatives has officially acquired FGI, a prominent commercial finance firm, marking a significant expansion in its alternative investment portfolio. This strategic acquisition underscores Goldman Sachs' continued interest in strengthening its presence within the commercial lending and specialized finance sectors. In conjunction with the completion of this transaction, a notable leadership change has been implemented at FGI. Sami Altaher, who previously served as the co-founder and president of the firm, has succeeded David DiPiero as the Chief Executive Officer. This transition aims to ensure continuity and drive future growth under the new ownership structure. The deal highlights the ongoing consolidation trends within the financial services industry, where major institutional players are increasingly acquiring niche firms to diversify their service offerings and capture specific market opportunities. While specific financial terms of the acquisition were not detailed in the available summary, the move positions Goldman Sachs Alternatives to leverage FGI's established client relationships and expertise in commercial finance. The integration of FGI into the Goldman Sachs ecosystem is expected to enhance the firm's capabilities in providing tailored financial solutions to middle-market businesses, reflecting a broader strategy to capitalize on high-yield alternative assets in a competitive economic landscape.
PE HubGoldman Sachs Alternatives Acquires FGI Worldwide
FGI Worldwide LLC, a prominent provider of working capital financing and trade credit insurance solutions, has been acquired by the Private Equity business within Goldman Sachs Alternatives. This strategic transaction aims to accelerate FGI’s growth trajectory and expand its suite of financing, risk management, and Insurtech offerings for clients. With a 25-year history in asset-based lending and risk mitigation, FGI specializes in multi-jurisdictional solutions supporting domestic and global business expansion. Concurrent with the acquisition, Sami Altaher, Co-Founder and President of FGI, has succeeded David DiPiero as Chief Executive Officer, marking a new phase in the company's evolution. Goldman Sachs executives expressed enthusiasm about partnering with FGI, citing its market-leading underwriting expertise and technology-driven platform as key assets. They intend to leverage Goldman Sachs’ extensive resources to help FGI capitalize on future opportunities. While specific financial terms of the deal were not disclosed, Keefe, Bruyette & Woods and Houlihan Lokey served as financial advisors for FGI and Goldman Sachs respectively. The acquisition underscores Goldman Sachs' commitment to strengthening its position in the alternative investments sector.
Montreal GazetteGoldman Sachs Alternatives Acquires FGI Worldwide to Accelerate Growth
FGI Worldwide LLC, a prominent provider of working capital financing and trade credit insurance solutions, has been acquired by the Private Equity business within Goldman Sachs Alternatives. This strategic transaction aims to accelerate FGI’s growth trajectory and expand its suite of financing, risk management, and Insurtech offerings for clients. With a 25-year history, FGI has established itself as an innovator in asset-based lending and multi-jurisdictional working capital solutions supporting small and medium-sized enterprises. Concurrent with the acquisition, Sami Altaher, Co-Founder and President of FGI, succeeds David DiPiero as Chief Executive Officer. Altaher emphasized the company's commitment to scaling its platform and enhancing product capabilities while maintaining its focus on serving the commercial finance industry. Goldman Sachs executives expressed enthusiasm about partnering with FGI, citing its market-leading underwriting expertise and technology-driven operations as key assets. Although financial terms were not disclosed, the deal involves significant advisory support from Keefe, Bruyette & Woods for FGI and Houlihan Lokey for Goldman Sachs. The acquisition positions FGI to leverage Goldman Sachs’ extensive resources to capitalize on future opportunities in the global commercial finance sector.
Financial PostGoldman Sachs Alternatives Acquires FGI Worldwide
Goldman Sachs Alternatives, through its Private Equity business, has acquired FGI Worldwide LLC, a prominent provider of working capital financing and trade credit insurance solutions. This strategic acquisition aims to accelerate FGI’s growth and expand its suite of financing, risk management, and Insurtech offerings for clients globally. With a 25-year history, FGI is recognized for its innovation in asset-based lending and multi-jurisdictional working capital solutions supporting small and medium-sized enterprises. Concurrent with the transaction, Sami Altaher, Co-Founder and President of FGI, succeeds David DiPiero as Chief Executive Officer. Altaher emphasized the company's commitment to scaling its platform and enhancing product capabilities while maintaining its focus on serving the commercial finance industry. Goldman Sachs executives expressed enthusiasm about partnering with FGI, citing its market-leading underwriting expertise and technology-driven operations as key assets. Although financial terms were not disclosed, the deal involves significant advisory support from firms like Keefe, Bruyette & Woods and Houlihan Lokey. This move underscores Goldman Sachs' continued expansion in alternative investments, leveraging its global resources to support FGI’s next phase of development and leadership in the global commercial finance sector.
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