TAMPA, Fla. – Schellman, a cybersecurity compliance and attestation services provider, announced today that Private Equity at Goldman Sachs Alternatives will make a strategic investment in the company.
Lightyear Capital, which has held the majority stake since 2021, will remain as a minority investor following the deal.
Schellman provides independent assessments including SOC, ISO, FedRAMP, PCI, HITRUST, and CMMC certifications. The company serves global organizations requiring cybersecurity compliance services.
« We are incredibly excited to partner with Goldman Sachs Alternatives, » said Avani Desai, chief executive officer of Schellman. « From the outset, it was clear they understand our vision, our culture, and the opportunity ahead of us. »
The partnership will support expansion of Schellman’s capabilities and team, with focus areas including AI governance, federal compliance, and digital trust services.
« Schellman has built a category-leading, differentiated platform offering attestation and compliance services, » said Harsh Nanda, Partner and Head of Technology Private Equity at Goldman Sachs Alternatives.
Schellman’s leadership team will remain in place. The investment is expected to close in the second quarter of 2026, subject to regulatory approvals. Financial terms were not disclosed.
Baird served as financial advisor to Schellman, while Davis Polk acted as counsel to Lightyear and Reed Smith represented management. Morgan Stanley served as financial advisor to Goldman Sachs Alternatives, with Weil, Gotshal & Manges providing legal counsel.
Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception and is part of Goldman Sachs (NYSE:GS) Asset Management. The parent company, with a market capitalization of $267 billion, has demonstrated strong financial performance with a 49% return over the past year and trades at a P/E ratio of 16.81. According to InvestingPro analysis, Goldman Sachs appears undervalued relative to its Fair Value, placing it among notable opportunities on the most undervalued stocks list. Lightyear Capital had $8.1 billion in assets under management as of December 31, 2025.
In other recent news, Goldman Sachs is in the spotlight with several notable developments. The company’s co-head of Capital Solutions Group, Mahesh Saireddy, highlighted concerns about artificial intelligence potentially complicating lending decisions across various sectors. Additionally, Goldman Sachs is playing a key role in Mavis Tire Express Services Corp.’s planned $2 billion initial public offering, working alongside Bank of America. In a personal revelation, Goldman Sachs CEO David Solomon disclosed his ownership of Bitcoin, despite previous skepticism towards cryptocurrencies. Furthermore, Goldman Sachs’ general counsel, Kathy Ruemmler, announced her resignation following revelations about her connections to Jeffrey Epstein. Solomon also commented that the recent selloff in software stocks due to AI competition concerns was overdone, suggesting that many companies will successfully adapt. These developments provide a glimpse into the current activities and challenges faced by Goldman Sachs.
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