Goldman Sachs Alternatives has bought FGI Worldwide, a New York‑based provider of working‑capital financing and trade‑credit insurance. The deal adds three business lines—FGI Finance, FGI Risk and FGI Tech—to the firm’s portfolio. No price was disclosed, but the acquisition expands Goldman’s footprint across the U.S., Canada and the U.K. The transaction positions Goldman to tap rising demand for supply‑chain finance amid tightening credit markets.

Sami Altaher, FGI’s co‑founder and president, will take the helm as CEO, replacing David DiPiero. Altaher brings two decades of expertise in commercial lending and risk management, a skill set that fits Goldman’s strategy to deepen its alternative‑finance capabilities. The leadership change signals a commitment to scale the newly acquired units quickly.

The acquisition bolsters Goldman’s position in the commercial‑finance sector, where demand for working‑capital solutions is growing as firms navigate volatile supply chains. By integrating FGI’s technology platform, the bank can offer more tailored risk assessments and faster funding cycles. Investors will likely view the deal as a strategic bet on the resilience of small‑to‑mid‑size business lending. This move strengthens its competitive edge against fintech challengers.