Goldman Sachs AM Wins Eli Lilly $25bn OCIO Mandate
Goldman Sachs Asset Management has secured a $25 billion mandate from Eli Lilly and Company to manage retirement assets for U.S. and Puerto Rico-based plans. The appointment covers both defined benefit and defined contribution assets, reinforcing Goldman's position as a global OCIO leader with $450 billion in supervised assets.
"Lilly's commitment to retirement benefits is impressive," said Tim Braude of Goldman Sachs, highlighting the firm's customizable portfolio solutions. Eric Dozier of Lilly emphasized the collaboration as a continuation of market-leading retirement offerings.
The partnership leverages Goldman's risk management infrastructure, though no digital asset components were specified in the mandate.