Goldman Sachs Asset Management Chairman Rich Friedman on Private Markets and AI Investment Timing

Rich Friedman, Chairman of Goldman Sachs Asset Management, released a new episode of 'Goldman Sachs Exchanges: Great Investors' on September 18, 2026. The conversation is hosted by Alison Mass, Chairman of Investment Banking at Goldman Sachs Global Banking & Markets, and was recorded on July 28, 2026.

According to the official episode description, Friedman discusses the current state of private markets and their scale expansion beyond earlier expectations. He explains why he anticipates the payoff from artificial intelligence investments will arrive later than the market generally assumes, and how the discipline used to build the firm's merchant banking business over 45 years shapes his current investment focus.

The chapter list indicates discussions on Wall Street history, early moves in Asia, lessons from past crises, and where opportunities lie now. For professional readers interested in institutional perspectives on AI valuation logic and private market dynamics, this resource offers direct access to views from a top asset management leader.