FGI Worldwide has been acquired by the Private Equity business within Goldman Sachs Alternatives, marking a significant milestone for the company as it enters its next phase of growth. The transaction brings one of the industry’s most recognized working capital financing and trade credit insurance providers into the portfolio of a global alternatives platform with more than three decades of investment experience. The acquisition is expected to accelerate FGI’s expansion and broaden its suite of financing, risk, and Insurtech solutions for clients.
Over the past 25 years, FGI has built a strong reputation as an innovator in asset‑based lending and risk mitigation, specializing in multi‑jurisdictional working capital solutions that support both domestic and international business expansion. The company’s platform spans financing, credit insurance, and technology, including its flagship software TRUST, which automates credit insurance management in real time. With the support of Goldman Sachs Alternatives, FGI plans to scale its platform, enhance its product capabilities, and deepen its focus on serving small and medium‑sized enterprises.
As part of the transaction, Co‑Founder and President Sami Altaher has been appointed Chief Executive Officer, succeeding David DiPiero. Altaher emphasized that the acquisition represents a new chapter for the company, building on decades of growth driven by its team, partners, and clients. Goldman Sachs Alternatives, now FGI’s first institutional investor, highlighted the company’s differentiated underwriting expertise, technology‑driven operating model, and strong credit performance as key drivers of the investment.
Goldman Sachs Alternatives brings extensive resources, a global network, and a long track record of building and scaling businesses across industries. The firm manages more than $625 billion in alternative assets and has invested over $75 billion in private equity since inception. With this acquisition, Goldman Sachs aims to support FGI in capitalizing on new market opportunities, expanding its capabilities, and advancing its leadership in the commercial finance industry.
KEY QUOTES:
“We are grateful to our team, customers, partners and investors who have made this milestone possible. I am incredibly proud of what we have built at FGI alongside my co‑founders David DiPiero and Joseph Albertelli, and I am honored to take on the role of CEO as FGI enters its next phase of growth.”
Sami Altaher, Chief Executive Officer of FGI
“We are thrilled to partner with Sami and the FGI team to help accelerate the company’s growth. FGI has built a differentiated offering supported by market‑leading underwriting expertise and a technology‑driven operating platform.”
Anthony Arnold, Partner within Private Equity at Goldman Sachs Alternatives
“We are impressed by the capabilities and operational sophistication FGI has built. FGI’s exceptional track record of innovation, growth and credit performance positions it well for continued success.”
Michael Coleman, Managing Director within Private Equity at Goldman Sachs Alternatives
