The asset management arm of New York-listed Goldman Sachs has agreed to purchase the impact investing-focused firm Imprint Capital.

Goldman Sachs Asset Management is to acquire Imprint Capital, a San Francisco, CA-based institutional impact investing firm, for an undisclosed sum. 

The deal, expected to close in the next few months, boosts GSAM's ESG (environmental, social and governance) and impact investment opportunities for clients seeking to align their portfolios with their broader values.

The Imprint team will continue to be based in San Francisco and maintain a presence in New York upon joining Goldman Sachs.

“The holistic ESG and impact investing portfolio advisory capabilities that we gain from this acquisition are a strong complement to the existing ESG offerings within GSAM,” co-heads of the investment management division at Goldman Sachs, Timothy O’Neill and Eric Lane, said.

“Their [GSAM's] commitment to ESG investing, global reach, and strong investment and risk management culture will be valued by our clients and are a natural fit with how we work with investors today,” co-founders of Imprint, John Goldstein and Taylor Jordan, added.

Imprint Capital had $550 million of assets under management as of end-March.