Goldman Sachs Is Said to Invest in Josh Kushner’s Thrive Capital

Goldman Sachs Group Inc. is backing the venture capital firm Thrive Capital, started by Joshua Kushner, according to people familiar with the matter.

Goldman Sachs’ Petershill unit, which often takes positions in private equity firms, will receive an ownership percentage of Thrive’s business as part of an investment, said the people, who asked not to be identified because the information was private.

Thrive Capital as a firm is valued at about $3.6 billion, the people added.

Petershill has previously made investments in venture capital firm General Catalyst and private equity firm Francisco Partners, Bloomberg News has reported. ...