Goldman Sachs is acquiring environmental, social, and governance (ESG) asset manager Imprint Capital Advisors.
The move comes as Goldman’s investment management arm is using a number of small acquisitions to increase its revenue by more than 10% a year, reports Bloomberg. Goldman is also using Imprint to broaden its sustainability options for investors.
Hugh Lawson was named head of the Goldman ESG program last month. Global ESG assets have climbed 61% in two years to about $21.4 trillion at the beginning of 2014.
The San Francisco-based Imprint has 17 employees and more than $530 million in assets under advisement. The deal is expected to close in late 2015.
Photo: Wikipedia.