T Rowe Price Goldman Sachs Private Markets Fund
10/21/2026 | Press release | Distributed by Public on 10/21/2026 07:31
Semi-Annual Report by Investment Company (Form N-CSRS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File Number: 811-24144
T. Rowe Price Goldman Sachs Private Markets Fund
(Exact name of registrant as specified in charter)
1307 Point Street, Baltimore, MD 21231
(Address of principal executive offices)
David Oestreicher
1307 Point Street, Baltimore, MD 21231
(Name and address of agent for service)
Registrant's telephone number, including area code: (410) 345-2000
Date of fiscal year end: February 28
Date of reporting period: August 31, 2026
Item 1. Reports to Shareholders
(a) Report pursuant to Rule 30e-1
August
31,
2026
Financial
Statements
and
Other
information
For
more
insights
from
T.
Rowe
Price
investment
professionals,
go
to
troweprice.com
.
T.
ROWE
PRICE
TGPIX
Goldman
Sachs
Private
Markets
Fund-
.
Class
I
TGPAX
Goldman
Sachs
Private
Markets
Fund-
.
Class
A
TGPDX
Goldman
Sachs
Private
Markets
Fund-
.
Class
D
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
If
you
invest
directly
with
T.
Rowe
Price,
you
can
elect
to
receive
future
shareholder
reports
or
other
important
documents
through
electronic
delivery
by
enrolling
at
www.troweprice.com/paperless
.
If
you
invest
through
a
financial
intermediary
such
as
an
investment
advisor,
a
bank,
retirement
plan
sponsor
or
a
brokerage
firm,
please
contact
that
organization
and
ask
if
it
can
provide
electronic
delivery.
Visit
www.troweprice.com/en/us/market-data-disclosures
for
additional
legal
notices
&
disclaimers.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
3
PORTFOLIO
SUMMARY
Asset
Allocation
(as
a
%
of
Net
Assets)
Private
Credit
31.2%
Private
Equity
29.3
Private
Infrastructure
15.4
Private
Real
Estate
15.1
Leveraged
Loans
7.5
Short-Term
and
Other
1.5
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
4
PORTFOLIO
HIGHLIGHTS
Top
Ten
Holdings
(as
a
%
of
Net
Assets)
T.
Rowe
Price
OHA
Flexible
Credit
Income
Fund
31.2%
G-Private
Equity
LP
25.7
G-Infra
LP
15.4
Goldman
Sachs
Real
Estate
Income
Trust,
Inc.
15.1
T.
Rowe
Price
Floating
Rate
Fund
7.5
Databricks
3.6
T.
Rowe
Price
U.S.
Treasury
Money
Fund
1.7
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
5
RISKS
OF
INVESTING
An
investment
in
the
T.
Rowe
Price
Goldman
Sachs
Private
Markets
Fund
(fund)
is
subject
to,
among
others,
the
following
risks:
An
investment
in
the
fund
is
considered
to
be
an
illiquid
investment
and
is
suitable
only
for
investors
who
can
bear
the
risks
associated
with
the
fund's
limited
liquidity.
Any
investment
in
the
fund
should
be
viewed
as
a
long-term
investment.
The
fund
invests
in
a
broad
range
of
private
markets
through
investments
in
pooled
investment
vehicles/underlying
funds
and
direct
investments
in
individual
securities.
Private
markets
investments
are
exposed
to
a
high
degree
of
business
and
financial
risk
and
are
therefore
speculative
and
highly
illiquid.
Many
underlying
investments
may
use
leverage.
Leverage
can
magnify
losses,
particularly
during
periods
of
rising
interest
rates
or
economic
stress.
The
fund
will
invest
a
portion
of
its
assets
in
securities
associated
with
real
assets
and
real
estate
which
have
historically
experienced
substantial
price
volatility.
The
fund
or
its
underlying
funds
may
invest
in
mezzanine
investments,
bank
loans,
or
structured
products
such
as
collateralized
loan
obligations
(CLOs).
These
investments
involve
complex
risks,
including
higher
credit
risk,
and
price
volatility.
Below
investment
grade
instruments
(also
known
as
"junk
bonds")
have
predominantly
speculative
characteristics
and
may
be
particularly
susceptible
to
economic
downturns.
The
fund's
investments,
including
investments
in
underlying
private
funds
managed
by
Goldman
Sachs
Asset
Management
(Goldman
Sachs),
may
be
illiquid
and
difficult
to
value
because
it
may
be
relatively
difficult
for
the
fund
to
obtain
current
and
reliable
valuations
of
such
private
funds,
which
do
not
publish
daily
net
asset
value
per
share,
or
a
complete
list
of
the
portfolio
companies
in
which
the
private
funds
invest.
The
fund
is
considered
non-diversified,
meaning
it
may
invest
a
larger
portion
of
its
assets
in
a
limited
number
of
issuers
or
strategies.
This
may
increase
volatility
and
the
impact
of
losses
from
a
single
investment.
The
fund
allocates
assets
among
multiple
underlying
managers.
These
managers
may
pursue
different
or
opposing
strategies
or
have
overlapping
exposures,
which
could
reduce
diversification
and
increase
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
6
volatility.
T.
Rowe
Price
Associates,
Inc.
(T.
Rowe
Price)
expects
to
select
various
underlying
funds
and
strategies
in
line
with
target
allocations
to
Goldman
Sachs
and
T.
Rowe
Price
funds,
without
considering
the
universe
of
available
investment
options
managed
by
other
managers
of
funds.
Shares
(shares)
of
the
fund
are
not
listed
on
any
securities
exchange.
Holders
of
fund
shares
(shareholders)
should
not
expect
to
be
able
to
sell
their
shares
in
a
secondary
market
transaction
regardless
of
how
the
fund
performs.
The
fund
will
provide
liquidity
through
quarterly
repurchase
offers
for
between
5%
and
25%
of
the
fund's
outstanding
shares
at
net
asset
value
(NAV).
In
connection
with
any
given
repurchase
offer,
it
is
likely
that
the
fund
may
offer
to
repurchase
only
the
minimum
amount
of
5%
of
its
outstanding
shares.
It
is
also
possible
that
a
repurchase
offer
may
be
oversubscribed,
with
the
result
that
shareholders
may
only
be
able
to
have
a
portion
of
their
shares
repurchased.
If
a
shareholder
is
able
to
sell
its
shares
outside
the
quarterly
repurchase
process,
the
shareholder
likely
will
receive
less
than
the
then-current
NAV
per
share.
Goldman
Sachs
is
not
a
sponsor,
investment
adviser,
sub-adviser,
promoter,
principal
underwriter
or
affiliate
of
the
fund.
T.
Rowe
Price
and
Goldman
Sachs
are
not
affiliated
companies.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Financial
Highlights
7
For
a
share
outstanding
throughout
the
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Class
I
(1)
7/1/26
(1)
Through
8/31/26
NET
ASSET
VALUE
Beginning
of
period
$
25.00
Investment
activities
Net
investment
income
(2)(3)
0.09
Net
realized
and
unrealized
gain/loss
0.68
Total
from
investment
activities
0.77
NET
ASSET
VALUE
End
of
period
$
25.77
(4)
Ratios/Supplemental
Data
Total
return
(3)(5)
3.08%
(4)
Ratios
to
average
net
assets:
(3)
Gross
expenses
before
waivers/payments
by
Price
Associates
3.71%
(6)
Net
expenses
after
waivers/payments
by
Price
Associates
1.62%
(6)
Net
investment
income
2.13%
(6)
Portfolio
turnover
rate
1.3%
Net
assets,
end
of
period
(in
thousands)
$40,248
0%
(1)
Inception
date
(2)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(3)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(4)
Net
asset
value
and
Total
return
include
adjustments
made
in
accordance
with
U.S.
generally
accepted
accounting
principles
for
financial
reporting
purposes
and
may
differ
from
the
net
asset
value
and
total
returns
for
shareholder
transactions.
(5)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
the
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(6)
Annualized
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Financial
Highlights
8
For
a
share
outstanding
throughout
the
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Class
A
(1)
7/1/26
(1)
Through
8/31/26
NET
ASSET
VALUE
Beginning
of
period
$
25.00
Investment
activities
Net
investment
income
(2)(3)
0.05
Net
realized
and
unrealized
gain/loss
0.69
Total
from
investment
activities
0.74
NET
ASSET
VALUE
End
of
period
$
25.74
(4)
Ratios/Supplemental
Data
Total
return
(3)(5)
2.96%
(4)
Ratios
to
average
net
assets:
(3)
Gross
expenses
before
waivers/payments
by
Price
Associates
4.47%
(6)
Net
expenses
after
waivers/payments
by
Price
Associates
2.44%
(6)
Net
investment
income
1.30%
(6)
Portfolio
turnover
rate
1.3%
Net
assets,
end
of
period
(in
thousands)
$515
0%
(1)
Inception
date
(2)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(3)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(4)
Net
asset
value
and
Total
return
include
adjustments
made
in
accordance
with
U.S.
generally
accepted
accounting
principles
for
financial
reporting
purposes
and
may
differ
from
the
net
asset
value
and
total
returns
for
shareholder
transactions.
(5)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
the
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(6)
Annualized
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Financial
Highlights
9
For
a
share
outstanding
throughout
the
period
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Class
D
(1)
7/1/26
(1)
Through
8/31/26
NET
ASSET
VALUE
Beginning
of
period
$
25.00
Investment
activities
Net
investment
income
(2)(3)
0.08
Net
realized
and
unrealized
gain/loss
0.68
Total
from
investment
activities
0.76
NET
ASSET
VALUE
End
of
period
$
25.76
(4)
Ratios/Supplemental
Data
Total
return
(3)(5)
3.04%
(4)
Ratios
to
average
net
assets:
(3)
Gross
expenses
before
waivers/payments
by
Price
Associates
3.97%
(6)
Net
expenses
after
waivers/payments
by
Price
Associates
1.94%
(6)
Net
investment
income
1.80%
(6)
Portfolio
turnover
rate
1.3%
Net
assets,
end
of
period
(in
thousands)
$515
0%
(1)
Inception
date
(2)
Per
share
amounts
calculated
using
average
shares
outstanding
method.
(3)
Includes
the
impact
of
expense-related
arrangements
with
Price
Associates.
(4)
Net
asset
value
and
Total
return
include
adjustments
made
in
accordance
with
U.S.
generally
accepted
accounting
principles
for
financial
reporting
purposes
and
may
differ
from
the
net
asset
value
and
total
returns
for
shareholder
transactions.
(5)
Total
return
reflects
the
rate
that
an
investor
would
have
earned
on
an
investment
in
the
fund
during
the
period,
assuming
reinvestment
of
all
distributions,
and
payment
of
no
redemption
or
account
fees,
if
applicable.
Total
return
is
not
annualized
for
periods
less
than
one
year.
(6)
Annualized
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
August
31,
2026
Unaudited
10
Portfolio
of
Investments
‡
Shares/Par
$
Value
(Cost
and
value
in
$000s)
‡
LEVERAGED
LOANS
7.5%
Bond
Funds
7.5%
T.
Rowe
Price
Floating
Rate
Fund,
Z
Class,
7.15% (1)(2)
341,201
3,105
Total
Leveraged
Loans
(Cost
$3,093)
3,105
PRIVATE
CREDIT
31.2%
Interval
Funds
31.2%
T.
Rowe
Price
OHA
Flexible
Credit
Income
Fund,
Class
I (1)
547,610
12,874
Total
Private
Credit
(Cost
$12,761)
12,874
PRIVATE
EQUITY
29.3%
Common
Stocks
3.6%
Databricks,
Class
C,
Acquisition
Date:
8/12/26,
Cost $1,482 (3)
(4)(5)
5,859
1,482
1,482
Private
Investment
Companies
25.7%
G-Private
Equity
LP,
Class
I0,
Acquisition
Date:
7/1/26,
Cost $9,750 (4)(5)
75,952
10,606
10,606
Total
Private
Equity
(Cost
$11,232)
12,088
PRIVATE
INFRASTRUCTURE
15.4%
Private
Investment
Companies
15.4%
G-Infra
LP,
Class
I0,
Acquisition
Date:
7/1/26,
Cost $6,250 (4)
(5)
56,500
6,349
Total
Private
Infrastructure
(Cost
$6,250)
6,349
PRIVATE
REAL
ESTATE
15.1%
Private
Real
Estate
Investment
Trust
15.1%
Goldman
Sachs
Real
Estate
Income
Trust,
Inc.,
Class
G,
REIT,
Acquisition
Date:
7/1/26,
Cost $6,227 (3)(5)
468,165
6,231
Total
Private
Real
Estate
(Cost
$6,227)
6,231
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
11
Shares/Par
$
Value
(Cost
and
value
in
$000s)
‡
SHORT-TERM
INVESTMENTS
1.7%
Money
Market
Funds
1.7%
T.
Rowe
Price
U.S.
Treasury
Money
Fund,
Z
Class,
3.74% (1)
(6)
710,146
710
Total
Short-Term
Investments
(Cost
$710)
710
Total
Investments
in
Securities
100.2%
of
Net
Assets
(Cost
$40,273)
$
41,357
‡
Shares/Par
are
denominated
in
U.S.
dollars
unless
otherwise
noted.
(1)
Affiliated
Companies
(2)
SEC
30-day
yield
(3)
See
Note
2.
Level
3
in
fair
value
hierarchy.
(4)
Non-income
producing
(5)
Security
cannot
be
offered
for
public
resale
without
first
being
registered
under
the
Securities
Act
of
1933
and
related
rules
("restricted
security").
Acquisition
date
represents
the
day
on
which
an
enforceable
right
to
acquire
such
security
is
obtained
and
is
presented
along
with
related
cost
in
the
security
description.
The
fund
may
have
registration
rights
for
certain
restricted
securities.
Any
costs
related
to
such
registration
are
generally
borne
by
the
issuer.
The
aggregate
value
of
restricted
securities
(excluding
144A
holdings)
at
period
end
amounts
to
$24,668
and
represents
59.8%
of
net
assets.
(6)
Seven-day
yield
REIT
A
domestic
Real
Estate
Investment
Trust
whose
distributions
pass-through
with
original
tax
character
to
the
shareholder
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
12
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
AFFILIATED
COMPANIES
($000s)
The
fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
1940
Act,
an
affiliated
company
is
one
in
which
the
fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
that
is
under
common
ownership
or
control.
The
following
securities
were
considered
affiliated
companies
for
all
or
some
portion
of
the
period
ended
August
31,
2026.
Net
realized
gain
(loss),
investment
income,
change
in
net
unrealized
gain/loss,
and
purchase
and
sales
cost
reflect
all
activity
for
the
period
then
ended.
Affiliate
Net
Realized
Gain
(Loss)
Change
in
Net
Unrealized
Gain/Loss
Investment
Income
T.
Rowe
Price
Floating
Rate
Fund,
Z
Class,
7.15%
$
1
$
12
$
34
T.
Rowe
Price
OHA
Flexible
Credit
Income
Fund,
Class
I
-
113
205
T.
Rowe
Price
U.S.
Treasury
Money
Fund,
Z
Class,
3.74%
-
-
3
Totals
$
1#
$
125
$
242+
Supplementary
Investment
Schedule
Affiliate
Value
7/01/26
Purchase
Cost
Sales
Cost
Value
8/31/26
T.
Rowe
Price
Floating
Rate
Fund,
Z
Class,
7.15%
$
-
$
3,592
$
499
$
3,105
T.
Rowe
Price
OHA
Flexible
Credit
Income
Fund,
Class
I
-
12,761
-
12,874
T.
Rowe
Price
U.S.
Treasury
Money
Fund,
Z
Class,
3.74%
-
¤
¤
710
Total
$
16,689^
#
Capital
gain
distributions
from
underlying
Price
funds
represented
$0
of
the
net
realized
gain
(loss).
+
Investment
income
comprised
$242
of
dividend
income
and
$0
of
interest
income.
¤
Purchase
and
sale
information
not
shown
for
cash
management
funds.
^
The
cost
basis
of
investments
in
affiliated
companies
was
$16,564.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
August
31,
2026
Unaudited
Statement
of
Assets
and
Liabilities
13
($000s,
except
shares
and
per
share
amounts)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
Assets
Investments
in
securities,
at
value
(cost
$40,273)
$
41,357
Due
from
affiliates
163
Receivable
for
shares
sold
75
Cash
24
Total
assets
41,619
Liabilities
Payable
for
investment
securities
purchased
75
Investment
management
fees
payable
32
Other
liabilities
234
Total
liabilities
341
Commitments
and
Contingent
Liabilities
(note
5)
NET
ASSETS
$
41,278
Net
Assets
Consist
of:
Total
distributable
earnings
(loss)
$
1,220
Paid-in
capital
applicable
to
1,601,920
shares
of
$0.001
par
value
capital
stock
outstanding;
unlimited
shares
authorized
40,058
NET
ASSETS
$
41,278
NET
ASSET
VALUE
PER
SHARE
Class
I
(Net
assets:
$40,248;
Shares
outstanding:
1,561,920)
$
25.77
Class
A
(Net
assets:
$515;
Shares
outstanding:
20,000)
$
25.74
Class
D
(Net
assets:
$515;
Shares
outstanding:
20,000)
$
25.76
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Statement
of
Operations
14
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
7/1/26
Through
8/31/26
Investment
Income
(Loss)
Dividend
income
-
$
242
Expenses
Investment
management
32
Shareholder
servicing
Class
I
24
Prospectus
and
shareholder
reports
Class
I
1
Legal
and
audit
8
5
Custody
and
accounting
76
Organization
costs
64
Registration
13
Waived
/
paid
by
Price
Associates
(188)
Total
expenses
107
Net
investment
income
135
Realized
and
Unrealized
Gain
/
Loss
-
Net
realized
gain
on
securities
1
Change
in
net
unrealized
gain
/
loss
on
securities
1,084
Net
realized
and
unrealized
gain
/
loss
1,085
INCREASE
IN
NET
ASSETS
FROM
OPERATIONS
$
1,220
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Statement
of
Changes
in
Net
Assets
15
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
7/1/26
Through
8/31/26
Increase
(Decrease)
in
Net
Assets
Operations
Net
investment
income
$
135
Net
realized
gain
1
Change
in
net
unrealized
gain
/
loss
1,084
Increase
in
net
assets
from
operations
1,220
Capital
share
transactions
*
Shares
sold
Class
I
38,958
Class
A
500
Class
D
500
Increase
in
net
assets
from
capital
share
transactions
39,958
Net
Assets
Increase
during
period
41,178
Beginning
of
period
100
End
of
period
$
41,278
*Share
information
(000s)
Shares
sold
Class
I
1,562
Class
A
20
Class
D
20
Increase
in
shares
outstanding
1,602
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
Statement
of
Cash
Flows
16
($000s)
The
accompanying
notes
are
an
integral
part
of
these
financial
statements.
7/1/26
Through
8/31/26
Cash
flows
from
operating
activities:
Net
increase
(decrease)
in
net
assets
from
operations
$
1,220
Adjustments
to
reconcile
net
increase
(decrease)
in
net
assets
resulting
from
operations
to
net
cash
provided
by
(used
in)
operating
activities:
-
Purchases
of
securities
(42,302)
Proceeds
from
sale
of
securities
2,007
Net
change
in
unrealized
(gain)
/
loss
on
securities
(1,084)
Net
realized
(gain)
loss
on
securities
(1)
Return
of
capital
distributions
on
securities
23
Changes
in
assets
and
liabilities:
Due
from
affiliates
(163)
Investment
management
fee
payable
32
Payable
for
investment
securities
purchased
75
Other
liabilities
234
Net
cash
provided
by
(used
in)
operating
activities
(39,959)
Cash
flows
from
financing
activities:
Proceeds
from
shares
sold
40,058
Receivable
for
shares
sold
(75)
Net
cash
provided
by
(used
in)
financing
activities
39,983
Net
increase
(decrease)
in
cash
24
Cash,
beginning
of
period
-
Cash,
end
of
period
$
24
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
Unaudited
NOTES
TO
FINANCIAL
STATEMENTS
17
T.
Rowe
Price
Goldman
Sachs
Private
Markets
Fund
(the
fund)
is
organized
as
a
Delaware
statutory
trust
that
is
registered
under
the
Investment
Company
Act
of
1940
(the
1940
Act)
as
a
non-diversified,
closed-end
management
investment
company
operating
as
an
interval
fund.
The
fund
incepted
on
July
1,
2026.
The
fund's
investment
objective
is
to
achieve
long-term
capital
appreciation.
The
fund
seeks
to
achieve
this
objective
by
investing
broad
range
of
private
markets
through
investments
in
pooled
investment
vehicles
(Underlying
Funds)
and
direct
investments
in
individual
securities.
Under
normal
conditions,
at
least
33%
of
the
fund's
net
assets
(measured
at
the
time
of
investment)
will
be
invested
in
investment
vehicles
managed
by
Goldman
Sachs
Asset
Management,
L.P.
or
one
of
its
affiliates
(Goldman
Sachs),
and
at
least
another
33%
of
the
fund's
net
assets
will
be
invested
in
registered
investment
companies
managed
by
T.
Rowe
Price
Associates,
Inc.
or
one
of
its
affiliates
(T.
Rowe
Price)
or
in
T.
Rowe
Price-managed
direct
portfolio
investments.
The
fund
has
three
classes
of
shares:
the
T.
Rowe
Price
Goldman
Sachs
Private
Markets
Fund-Class
A
(Class
A),
T.
Rowe
Price
Goldman
Sachs
Private
Markets
Fund-Class
D
(Class
D)
and
the
T.
Rowe
Price
Goldman
Sachs
Private
Markets
Fund-Class
I
(Class
I).
The
stated
minimum
initial
investment
by
Class
A
and
Class
D
is
$2,500
and
Class
I
is
$1,000,000,
although
the
fund
may
waive
or
reduce
the
investment
minimum
for
certain
investors.
Class
A
and
Class
D
may
charge
a
sales
load
of
up
to
3.50%
and
1.50%,
respectively,
of
the
investor's
gross
purchase.
Class
I
is
not
subject
to
sales
load.
An
investment
in
any
share
class
of
the
fund
represents
an
investment
in
the
same
assets
of
the
fund.
However,
the
purchase
restrictions
and
ongoing
fees
and
expenses
for
each
share
class
may
be
different.
NOTE
1
-
SIGNIFICANT
ACCOUNTING
POLICIES
Basis
of
Preparation
The fund
is
an
investment
company
and
follows
accounting
and
reporting
guidance
in
the
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946
(ASC
946).
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(GAAP),
including,
but
not
limited
to,
ASC
946.
GAAP
requires
the
use
of
estimates
made
by
management.
Management
believes
that
estimates
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
18
and
valuations
are
appropriate;
however,
actual
results
may
differ
from
those
estimates,
and
the
valuations
reflected
in
the
accompanying
financial
statements
may
differ
from
the
value
ultimately
realized
upon
sale
or
maturity.
Investment
Transactions,
Investment
Income,
and
Distributions
Investment
transactions
are
accounted
for
on
the
trade
date
basis.
Income
and
expenses
are
recorded
on
the
accrual
basis.
Realized
gains
and
losses
are
reported
on
the
identified
cost
basis.
Income
tax-related
interest
and
penalties,
if
incurred,
are
recorded
as
income
tax
expense. Dividends
received
from other
investment
companies are
reflected
as
dividend income;
capital
gain
distributions
are
reflected
as
realized
gain/loss. Dividend
income and
capital
gain
distributions
are
recorded
on
the
ex-dividend
date. Distributions
from
REITs
are
initially
recorded
as
a
return
of
capital
and,
to
the
extent
such
represent
dividend
income
or
capital
gain
for
tax
purposes,
are
reclassified
when
such
information
becomes
available. Non-cash
dividends,
if
any,
are
recorded
at
the
fair
market
value
of
the
asset
received. Proceeds
from
litigation
payments,
if
any,
are
included
in
either
net
realized
gain
(loss)
or
change
in
net
unrealized
gain/
loss
from
securities. Organization
costs
are
expensed
as
incurred,
offering
costs
are
amortized
over
a
12-month
period
upon
commencement
of
fund
operations. Distributions
to
shareholders
are
recorded
on
the
ex-dividend
date.
Income
distributions,
if
any,
are
declared
and
paid
by
each
class
annually.
A
capital
gain
distribution,
if
any,
may
also
be
declared
and
paid
by
the
fund
annually.
Class
Accounting
Shareholder servicing,
prospectus,
and
shareholder
report
expenses
incurred
by
each
class
are
charged
directly
to
the
class
to
which
they
relate.
Expenses
common
to
all
classes,
investment
income,
and
realized
and
unrealized
gains
and
losses
are
allocated
to
the
classes
based
upon
the
relative
daily
net
assets
of
each
class.
Class
A
and
Class
D
each
pay
Rule
12b-1
fees,
in
an
amount
not
exceeding
0.75%
and
0.25%,
respectively,
of
the
class's
average
daily
net
assets;
during
the
period
ended
August
31,
2026,
Class
A
and
Class
D
incurred
less
than
$1,000
in
these
fees.
Capital
Transactions
Each
investor's
interest
in
the
net
assets
of
the
fund
is
represented
by
fund
shares.
The
fund's
net
asset
value
(NAV)
per
share
is
computed
at
the
close
of
the
New
York
Stock
Exchange
(NYSE),
normally
4
p.m.
Eastern
time,
each
day
the
NYSE
is
open
for
business.
However,
the
NAV
per
share
may
be
calculated
at
a
time
other
than
the
normal
close
of
the
NYSE
if
trading
on
the
NYSE
is
restricted,
if
the
NYSE
closes
earlier,
or
as
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
19
may
be
permitted
by
the
SEC.
Purchases
and
redemptions
of
fund
shares
are
transacted
at
the
next-computed
NAV
per
share,
after
receipt
of
the
transaction
order
by
T.
Rowe
Price
Associates,
Inc.
(Price
Associates)
or
its
agents.
New
Accounting
Guidance
In September
2026,
the
FASB
issued
Accounting
Standards
Update
(ASU)
ASU
2026-03,
Fair
Value
Measurement
(Topic
820)
-
Investment
Companies
with
Equity
Securities
Subject
to
Contractual
Sale
Restrictions,
which
requires
investment
companies
within
the
scope
of
ASC
946
to
consider
contractual
sale
restrictions
on
the
sale
of
an
equity
security
when
measuring
the
fair
value
of
the
security
and
to
disclose
the
amount
of
the
discount
attributable
to
the
contractual
sale
restriction.
The
amendments
under
the
ASU
are
effective
for
fiscal
years
beginning
after
December
15,
2027;
however,
early
adoption
is
permitted.
Adoption
of
the
guidance
is
not
expected
to
have
a
material
impact
on
the
fund's
financial
statements.
Indemnification
In
the
normal
course
of
business, the
fund
may
provide
indemnification
in
connection
with
its
officers
and
directors,
service
providers,
and/or
private
company
investments. The
fund's
maximum
exposure
under
these
arrangements
is
unknown;
however,
the
risk
of
material
loss
is
currently
considered
to
be
remote.
NOTE
2
-
VALUATION
Fair
Value
The
fund's
financial
instruments
are
valued
at
the
close
of
the
NYSE
and are
reported
at
fair
value,
which
GAAP
defines
as
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
at
the
measurement
date. The fund's
Board
of
Trustees (the
Board)
has
designated
T.
Rowe
Price
Associates,
Inc.
as
the
fund's
valuation
designee
(Valuation
Designee).
Subject
to
oversight
by
the
Board,
the
Valuation
Designee
performs
the
following
functions
in
performing
fair
value
determinations:
assesses
and
manages
valuation
risks;
establishes
and
applies
fair
value
methodologies;
tests
fair
value
methodologies;
and
evaluates
pricing
vendors
and
pricing
agents.
The
duties
and
responsibilities
of
the
Valuation
Designee
are
performed
by
its
Valuation
Committee. The
Valuation
Designee provides
periodic
reporting
to
the
Board
on
valuation
matters.
Various
valuation
techniques
and
inputs
are
used
to
determine
the
fair
value
of
financial
instruments.
GAAP
establishes
the
following
fair
value
hierarchy
that
categorizes
the
inputs
used
to
measure
fair
value:
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
20
Level
1
-
quoted
prices
(unadjusted)
in
active
markets
for
identical
financial
instruments
that
the
fund
can
access
at
the
reporting
date
Level
2
-
inputs
other
than
Level
1
quoted
prices
that
are
observable,
either
directly
or
indirectly
(including,
but
not
limited
to,
quoted
prices
for
similar
financial
instruments
in
active
markets,
quoted
prices
for
identical
or
similar
financial
instruments
in
inactive
markets,
interest
rates
and
yield
curves,
implied
volatilities,
and
credit
spreads)
Level
3
-
unobservable
inputs
(including
the Valuation
Designee's assumptions
in
determining
fair
value)
Observable
inputs
are
developed
using
market
data,
such
as
publicly
available
information
about
actual
events
or
transactions,
and
reflect
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
Unobservable
inputs
are
those
for
which
market
data
are
not
available
and
are
developed
using
the
best
information
available
about
the
assumptions
that
market
participants
would
use
to
price
the
financial
instrument.
GAAP
requires
valuation
techniques
to
maximize
the
use
of
relevant
observable
inputs
and
minimize
the
use
of
unobservable
inputs.
When
multiple
inputs
are
used
to
derive
fair
value,
the
financial
instrument
is
assigned
to
the
level
within
the
fair
value
hierarchy
based
on
the
lowest-level
input
that
is
significant
to
the
fair
value
of
the
financial
instrument.
Input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level
but
rather
the
degree
of
judgment
used
in
determining
those
values.
Valuation
Techniques
Equity
securities,
including
exchange-traded
funds, listed
or
regularly
traded
on
a
securities
exchange
or
in
the
over-the-
counter
(OTC)
market
are
valued
at
the
last
quoted
sale
price
or,
for
certain
markets,
the
official
closing
price
at
the
time
the
valuations
are
made.
OTC
Bulletin
Board
securities
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices.
A
security
that
is
listed
or
traded
on
more
than
one
exchange
is
valued
at
the
quotation
on
the
exchange
determined
to
be
the
primary
market
for
such
security.
Listed
securities
not
traded
on
a
particular
day
are
valued
at
the
mean
of
the
closing
bid
and
asked
prices
for
domestic
securities.
Investment
in
mutual
funds
and
interval
funds
are
valued
at
the
respective
fund's
closing
NAV
per
share
on
the
day
of
valuation.
Investments
in
private
investment
companies
and
REITs
are
valued
at
the
investee's
NAV
per
share
as
of
the
valuation
date,
if
available.
If
the
investee's
NAV
is
not
available
as
of
the
valuation
date
or
is
not
calculated
in
accordance
with
GAAP,
the
Valuation Designee
may
adjust
the
investee's
NAV
to
reflect
fair
value
at
the
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
21
valuation
date. Assets
and
liabilities
other
than
financial
instruments,
including
short-term
receivables
and
payables,
are
carried
at
cost,
or
estimated
realizable
value,
if
less,
which
approximates
fair
value.
Investments
for
which
market
quotations are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
as
determined
in
good
faith
by
the
Valuation
Designee.
The
Valuation
Designee
has
adopted
methodologies
for
determining
the
fair
value
of
investments
for
which
market
quotations
are
not
readily
available
or
deemed
unreliable,
including
the
use
of
other
pricing
sources.
Factors
used
in
determining
fair
value
vary
by
type
of
investment
and
may
include
market
or
investment
specific
considerations.
The
Valuation
Designee typically
will
afford
the
greatest
weight
to
actual
prices
in
arm's
length
transactions,
to
the
extent
they
represent
orderly
transactions
between
market
participants,
transaction
information
can
be
reliably
obtained,
and
prices
are
deemed
representative
of
fair
value.
However,
the
Valuation
Designee may
also
consider
other
valuation
methods
such
as
market-based
valuation
multiples;
a
discount
or
premium
from
market
value
of
a
similar,
freely
traded
security
of
the
same
issuer;
discounted
cash
flows;
yield
to
maturity;
or
some
combination.
Fair
value
determinations
are
reviewed
on
a
regular
basis.
Because
any
fair
value
determination
involves
a
significant
amount
of
judgment,
there
is
a
degree
of
subjectivity
inherent
in
such
pricing
decisions. Fair
value
prices
determined
by
the
Valuation
Designee could
differ
from
those
of
other
market
participants,
and
it
is
possible
that
the
fair
value
determined
for
a
security
may
be
materially
different
from
the
value
that
could
be
realized
upon
the
sale
of
that
security.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
22
Valuation
Inputs
The
following
table
summarizes
the
fund's
financial
instruments,
based
on
the
inputs
used
to
determine
their
fair
values
on
August
31,
2026
(for
further
detail
by
category,
please
refer
to
the
accompanying
Portfolio
of
Investments):
Following
is
a
reconciliation
of
the
fund's
Level
3
holdings
for
the
period ended
August
31,
2026.
Gain
(loss)
reflects
both
realized
and
change
in
unrealized
gain/loss
on
Level
3
holdings
during
the
period,
if
any,
and
is
included
on
the
accompanying
Statement
of
Operations.
The
change
in
unrealized
gain/loss
on
($000s)
Level
1
Level
2
Level
3
Total
Value
Assets
Bond
Funds
$
3,105
$
-
$
-
$
3,105
Common
Stocks
-
-
1,482
1,482
Interval
Funds
12,874
-
-
12,874
Private
Investment
Companies
1
-
-
-
16,955
Private
Real
Estate
Investment
Trust
-
-
6,231
6,231
Short-Term
Investments
710
-
-
710
Total
$
16,689
$
-
$
7,713
$
41,357
1
In
accordance
with
Subtopic
820-10,
certain
investments
that
are
measured
at
fair
value
using
the
net
asset
value
per
share
(or
its
equivalent)
practical
expedient
have
not
been
classified
in
the
fair
value
hierarchy.
The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Portfolio
of
Investments.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
23
Level
3
instruments
held
at
August
31,
2026,
totaled $4,000 for
the
period ended
August
31,
2026.
Additionally,
during
the
period,
total
sales
of
Level
3
securities
include
distributions
received
classified
as
a
return
of
capital.
The
fund's
Level
3
investments
have
been
valued
using
unadjusted
inputs
that
have
not
been
internally
developed
by
the
fund,
including
third-party
transactions
and
indicative
broker
quotations.
As
a
result,
there
were
no
unobservable
inputs
that
have
been
internally
developed
by
the
fund
in
determining
the
fair
value
of
investments
as
of
August
31,
2026.
NOTE
3
-
OTHER
INVESTMENT
TRANSACTIONS
Consistent
with
its
investment
objective,
the
fund
engages
in
the
following
practices
to
manage
exposure
to
certain
risks
and/or
to
enhance
performance.
The
investment
objective,
policies,
program,
and
risk
factors
of
the
fund
are
described
more
fully
in
the
fund's
Prospectus
and
Statement
of
Additional
Information.
Investments
in
Underlying
Funds
The
fund
may invest
a
significant
portion
of
its
assets
in
Underlying
Funds
to
obtain
exposure
to
private
markets,
including
private
equity,
private
credit,
real
estate,
infrastructure,
and
leveraged
loan
strategies.
The
Underlying
Funds
may
consist
of
registered
investment
companies,
private
funds,
or
other
pooled
investment
vehicles
managed
either
by
T.
Rowe
Price
or
Goldman
Sachs.
The
Underlying
Funds
may
invest
in
portfolio
investments
that
are
generally
not
publicly
traded
and
may
employ
a
variety
of
strategies,
including
the
use
of
leverage
and
investments
in
below
investment
grade,
distressed,
or
otherwise
illiquid
instruments,
($000s)
Beginning
Balance
7/1/26
Gain
(Loss)
During
Period
Total
Purchases
Total
Sales
Ending
Balance
8/31/26
Investment
in
Securities
Common
Stocks
$
-
$
-
$
1,482
$
-
$
1,482
Private
Real
Estate
Investment
Trust
-
4
6,250
(23)
6,231
Total
$
-
$
4
$
7,732
$
(23)
$
7,713
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
24
which
may
increase
the
risk
of
loss.
Accordingly,
the
fund
is
indirectly
exposed
to
the
investment
risks
of
the
Underlying
Funds
and
their
underlying
portfolio
investments.
The
Underlying
Funds
may
not
determine
net
asset
value
on
a
daily
basis
and
may
instead
provide
valuations
on
a
monthly
or
quarterly
basis.
Accordingly,
the
fund
may
have
to
rely
on
limited
pricing
and
valuation
information
provided
by
Underlying
Fund
managers,
which
may
be
based
on
unobservable
inputs,
estimates,
and
assumptions.
As
a
result,
the
valuation
of
these
investments
may
involve
significant
judgment
and
subjectivity,
is
inherently
uncertain,
and
may
differ
materially
from
amounts
ultimately
realized,
which
may
increase
the
volatility
of
the
fund's
net
asset
value.
In
addition,
because
the
Underlying
Funds
may
invest
in
assets
that
are
not
actively
traded
and
for
which
observable
market
inputs
are
limited,
a
significant
portion
of
their
net
assets
may
consist
of
investments
classified
within
Level
3
of
the
fair
value
hierarchy,
and
the
fund
may
be
indirectly
exposed
to
such
Level
3
investments
through
its
interests
in
the
Underlying
Funds.
Investments
in
the
Underlying
Funds
may
be
illiquid,
and
subject
to
limited
and
discretionary
redemption
rights,
including
advance
notice
requirements,
periodic
or
infrequent
redemption
opportunities,
potential
redemption
penalties,
and,
in
certain
circumstances,
suspension
or
gating
of
redemptions
at
the
discretion
of
the
Underlying
Fund
manager.
As
a
result,
the
fund
may
be
unable
to
liquidate
its
investments
in
a
timely
manner
or
at
anticipated
values.
The
fund
will
also
bear
its
proportionate
share
of
fees
and
expenses
charged
by
the
Underlying
Funds,
including
management
and
performance-based
fees,
if
any.
As
of August
31,
2026,
the
fund
had
no
unfunded
commitments
to
the
Underlying
Funds.
Investments
in
Private
Equity
Securities
The
fund
may
invest
a
significant
portion
of
its
assets
in
direct
private
equity
securities
to
gain
exposure
to
equity
of
private
companies.
Private
equity
investments
may
involve
issuers
of
any
size,
industry,
or
geographic
location,
including
domestic
and
foreign
companies.
As
these
investments
are
generally
not
publicly
traded
and
may
not
have
readily
observable
market
prices,
their
valuation
requires
the
use
of
significant
estimates
and
assumptions.
Private
equity
investments
may
be
highly
illiquid,
subject
to
transfer
restrictions,
and
may
take
an
extended
period
to
realize.
The
underlying
issuers
may
employ
a
variety
of
business
and
financing
strategies
and
may
be
affected
by
adverse
business,
financial,
economic,
market,
or
industry
developments,
which
may,
negatively
impact
the
value
of
the
fund's
investments.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
25
Other
Purchases
and
sales
of
portfolio
securities
other
than
in-kind
transactions,
if
any,
and short-term securities
aggregated $40,086,000 and
$500,000,
respectively,
for
the
period ended
August
31,
2026.
NOTE
4
-
FEDERAL
INCOME
TAXES
Generally,
no
provision
for
federal
income
taxes
is
required
since
the
fund
intends
to qualify
as
a
regulated
investment
company
under
Subchapter
M
of
the
Internal
Revenue
Code
and
distribute
to
shareholders
all
of
its taxable
income
and
gains.
Distributions
determined
in
accordance
with
federal
income
tax
regulations
may
differ
in
amount
or
character
from
net
investment
income
and
realized
gains
for
financial
reporting
purposes.
Financial
reporting
records
are
adjusted
for
permanent
book/tax
differences
to
reflect
tax
character
but
are
not
adjusted
for
temporary
differences.
The
amount
and
character
of
tax-
basis
distributions
and
composition
of
net
assets
are
finalized
at tax
year-end;
accordingly,
tax-basis
balances
have
not
been
determined
as
of
the
date
of
this
report. The
fund
has
adopted
October
31
as
its
tax
year
end.
At
August
31,
2026,
the
cost
of
investments
(including
derivatives,
if
any)
for
federal
income
tax
purposes
was
$40,273,000.
Net
unrealized
gain
aggregated
$1,084,000
at
period-end,
of
which
$1,084,000
related
to
appreciated
investments
and
$0
related
to
depreciated
investments.
NOTE
5
-
RELATED
PARTY
TRANSACTIONS
The
fund
is
managed
by
Price
Associates,
a
wholly
owned
subsidiary
of
T.
Rowe
Price
Group,
Inc.
(Price
Group).
The
investment
advisory
agreement
between
the
fund
and
Price
Associates
provides
for
an
annual
investment
management
fee
equal
to
0.50%
of
the
fund's
average
daily
net
assets.
The
fee
is
computed
daily
and
paid
monthly.
Price
Associates
has
contractually
agreed,
through
June
30,
2027,
to
reduce
its
investment
management
fee
to
0.00%
(initial
fee
holiday),
after
including
the
effects
of
any
investment
management
fees
waived
pursuant
to
any
of
the
fund's
other
expense
limitation
arrangements.
This
initial
fee
holiday
will
continue
for
at
least
one
year
from
the
effective
date
of
the
fund's
registration
statement
and
shall
not
be
subject
to
reimbursement
to
the
Manager.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
26
The
fund's
operating
expenses
include,
among
other
things,
professional
fees
and
other
expenses
that
the
fund
will
bear,
including
initial
and
ongoing
offering
costs
and
fees
and
expenses
of
the
administrator,
transfer
agent
and
other
shareholder
servicing
expenses,
and
custodian.
Under
the
terms
of
an
expense
limitation
agreement
with
the
fund,
Price
Associates
has
contractually
agreed,
through
April
30,
2028,
to
waive
its
investment
management
fee
and/
or
reimburse
the
fund's
organizational
and
offering
costs,
as
well
as
the
fund's
operating
expenses
on
a
monthly
basis
to
the
extent
that
the
fund's
monthly
total
annualized
fund
operating
expenses
of
each
class
exceed
1.00%
of
the
average
daily
net
assets
of
each
class
excluding
(i)
the
investment
management
fee;
(ii)
costs
incurred
pursuant
to
the
fund's
Distribution
and
Shareholder
Services
Plan
and/or
the
fund's
Administration
and
Technology
Plan;
(iii)
costs
associated
with
the
acquisition,
ongoing
investment
and
disposition
of
the
fund's
investments
and
unconsummated
investments,
including
legal
costs,
professional
fees,
travel
costs
and
brokerage
costs;
(iv)
acquired
fund
fees
and
expenses;
(v)
dividend
and
interest
payments
(including
any
dividend
payments,
interest
expenses,
commitment
fees,
or
other
expenses
related
to
any
leverage
incurred
by
the
fund);
(vi)
taxes
and
costs
to
reclaim
foreign
taxes;
and
(vii)
extraordinary
expenses.
The
fund
will
be
required
to
repay
Price
Associates
for
expenses
previously
waived/
paid
to
the
extent
its
net
assets
grow
or
expenses
decline
sufficiently
to
allow
repayment
without
causing
the
class's
net
expense
ratio
(after
the
repayment
is
taken
into
account)
to
exceed
the
lesser
of:
(1)
the
expense
limitation
in
place
at
the
time
such
amounts
were
waived;
or
(2)
the
class's
current
expense
limitation.
However,
no
repayment
will
be
made
more
than
three
years
after
the
date
of
a
payment
or
waiver.
Pursuant
to
these
agreements,
expenses waived/paid
by
Price
Associates
during
the period
ended August
31,
2026 were $2,000
for
Class
A,
$2,000
for
Class
D
and
$184,000
for
Class
I
and
remain
subject
to
repayment
by
the
fund. Any
repayment
of
expenses
previously
waived/paid
by
Price
Associates
during
the
period
would
be
included
in
the
net
investment
income
and
expense
ratios
presented
on
the
accompanying
Financial
Highlights.
In
addition,
the
fund
has
entered
into
service
agreements
with
Price
Associates
and
a
wholly
owned
subsidiary
of
Price
Associates,
each
an
affiliate
of
the
fund
(collectively,
Price).
Price
Associates
provides
certain
accounting
and
administrative
services
to
the
fund.
T.
Rowe
Price
Services,
Inc.
provides
shareholder
and
administrative
services
in
its
capacity
as
the
fund's
transfer
and
dividend-disbursing
agent.
For
the
period
ended
August
31,
2026,
expenses
incurred
pursuant
to
these
service
agreements
were
$18,000
for
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
27
Price
Associates
and
$17,000
for
T.
Rowe
Price
Services,
Inc.
All
amounts
due
to
and
due
from
Price,
exclusive
of
investment
management
fees
payable,
are
presented
net
on
the
accompanying
Statement
of
Assets
and
Liabilities.
T.
Rowe
Price
Investment
Services,
Inc.
(Investment
Services)
serves
as
distributor
to
the
fund.
Pursuant
to
an
underwriting
agreement,
no
compensation
for
any
distribution
services
provided
is
paid
to
Investment
Services
by
the
fund
(except
for
12b-1
fees
under
a
Board-approved
Rule
12b-1
plan).
The
fund
may
also
invest
in
certain
other
T.
Rowe
Price
funds
(Price
Funds)
as
a
means
of
gaining
efficient
and
cost-effective
exposure
to
certain
markets.
The
fund
does
not
invest
for
the
purpose
of
exercising
management
or
control;
however,
investments
by
the
fund
may
represent
a
significant
portion
of
an
underlying
Price
Fund's
net
assets.
Each
underlying
Price
Fund
is
an
open-
end
management
investment
company
managed
by
Price
Associates
and
is
considered
an
affiliate
of
the
fund.
To
ensure
that
the
fund
does
not
incur
duplicate
management
fees
(paid
by
the
underlying
Price
Fund(s)
and
the
fund), the
fund
invests
in
the
Z
Class
of
each
underlying
Price
Fund,
for
which
Price
Associates
is
contractually
obligated
to
waive
and/or
bear
all
of
the
Z
Class's
expenses,
other
than
interest;
expenses
related
to
borrowings,
taxes
and
brokerage;
nonrecurring,
extraordinary
expenses;
and
acquired
fund
fees
and
expenses.
The
fund
may
also
invest
in
interval
funds
managed
by
Oak
Hill
Advisors,
L.P.
(OHA
Funds),
a
wholly
owned
subsidiary
of
Price
Group
as
a
means
of
gaining
efficient
and
cost-effective
exposure
to
certain
markets.
The
fund
does
not
invest
for
the
purpose
of
exercising
management
or
control;
however,
investments
by
the
fund
may
represent
a
significant
portion
of
an
OHA
Fund's
net
assets.
Each
underlying
OHA
Fund
is
considered
an
affiliate
of
the
fund.
The
fund
will
indirectly
bear
its
pro
rata
portion
of
the
underlying
OHA
Funds'
fees
and
expenses
as
an
acquired
fund
fee
and
expense.
NOTE
6
-
SEGMENT
REPORTING
Operating
segments
are
defined
as
components
of
a
company
that
engage
in
business
activities
and
for
which
discrete
financial
information
is
available
and
regularly
reviewed
by
the
chief
operating
decision
maker
(CODM)
in
deciding
how
to
allocate
resources
and
assess
performance.
The
Management
Committee
of
Price
Group
acts
as
the
fund's
CODM.
The
fund
makes
investments
in
accordance
with
its
investment
objective
as
outlined
in
the
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
28
Prospectus
and
is
considered
one
reportable
segment
because
the
CODM
allocates
resources
and
assesses
the
operating
results
of
the
fund
on
the
whole.
The
fund's
revenue
is
derived
from
investments
in
a
portfolio
of
securities.
The
CODM
allocates
resources
and
assesses
performance
based
on
the
operating
results
of
the
fund,
which
is
consistent
with
the
results
presented
in
the
statement
of
operations,
statement
of
changes
in
net
assets
and
financial
highlights.
The
CODM
compares
the
fund's
performance
to
its
benchmark
index
and
evaluates
the
positioning
of
the
fund
in
relation
to
its
investment
objective.
The
measure
of
segment
assets
is
net
assets
of
the
fund
which
is
disclosed
in
the
statement
of
assets
and
liabilities.
The
accounting
policies
of
the
segment
are
the
same
as
those
described
in
the
summary
of
significant
accounting
policies.
The
financial
statements
include
all
details
of
the
segment
assets,
segment
revenue
and
expenses;
and
reflect
the
financial
results
of
the
segment.
NOTE
7
-
REPURCHASE
OFFERING
As
a
closed-end
interval
fund,
pursuant
to
Rule
23c-3
of
the
1940
Act,
the
fund
has
adopted
a
fundamental
policy
to
conduct
quarterly
repurchase
offers
for
at
least
5%
and
up
to
25%
of
the
outstanding
shares
at
the
NAV,
subject
to
certain
conditions.
The
fund
will
not
otherwise
be
required
to
repurchase
or
redeem
shares
at
the
option
of
a
shareholder.
It
is
possible
that
a
repurchase
offer
may
be
oversubscribed,
in
which
case
shareholders
may
only
have
a
portion
of
their
shares
repurchased,
however,
the
fund
may,
but
is
not
required
to,
repurchase
an
additional
amount
of
shares,
not
to
exceed
2%
of
its
outstanding
shares
on
the
expiration
of
the
repurchase
offer.
If
the
fund
determines
not
to
repurchase
more
than
the
repurchase
offer
amount,
or
if
shareholders
tender
shares
in
an
amount
exceeding
the
repurchase
offer
amount
plus
2%
of
the
outstanding
shares
on
the
repurchase
request
date,
the
fund
will
repurchase
the
shares
on
a
pro
rata
basis.
For
the
period
ended
August
31,
2026
the
fund
had
no
repurchase
offers.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
29
NOTE
8
-
OTHER
MATTERS
Unpredictable environmental,
political,
social
and
economic
events,
including
but
not
limited
to,
environmental
or
natural
disasters,
war
and
conflict,
terrorism,
geopolitical
and
regulatory
developments
(including
trading
and
tariff
arrangements),
and
public
health
epidemics
or
threats,
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
The
extent
and
duration
of
such
events
and
resulting
market
disruptions
cannot
be
predicted.
These
and
other
similar
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-
existing
political,
social,
and
economic
risks.
The
fund's
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
or
such
events.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
30
INFORMATION
ON
PROXY
VOTING
POLICIES,
PROCEDURES,
AND
RECORDS
A
description
of
the
policies
and
procedures
used
by
T.
Rowe
Price
funds
to
determine
how
to
vote
proxies
relating
to
portfolio
securities
is
available
in
each
fund's
Statement
of
Additional
Information.
You
may
request
this
document
without
charge
by
calling
1-800-541-5299,
by
visiting
https://www.troweprice.com/financial-
intermediary/us/en/investments/interval-funds/t-rowe-price-goldman-sachs-private-
markets-fund.html
,
or
by
accessing
the
SEC's
website,
sec.gov.
The
description
of
our
proxy
voting
policies
and
procedures
is
also
available
on
our
corporate
website.
To
access
it,
please
visit
the
following
Web
page:
https://www.
troweprice.com/en/us/policies
.
Scroll
down
to
the
section
that
says,
"Proxy
Voting
Guidelines."
Click
on
"Proxy
Voting
Guidelines:
TRPA."
The
fund's
most
recent
annual
proxy
voting
record
is
available
on
our
website
and
through
the
SEC's
website.
To
access
it
through
T.
Rowe
Price,
visit
https://www.
troweprice.com/financial-intermediary/us/en/investments/interval-funds/t-rowe-price-
goldman-sachs-private-markets-fund.html.
HOW
TO
OBTAIN
QUARTERLY
PORTFOLIO
HOLDINGS
The
fund
files
a
complete
schedule
of
portfolio
holdings
with
the
Securities
and
Exchange
Commission
(SEC)
for
the
first
and
third
quarters
of
each
fiscal
year
as
an
exhibit
to
its
reports
on
Form
N-PORT.
The
fund's
reports
on
Form
N-PORT
are
available
electronically
on
the
SEC's
website
(sec.gov).
In
addition,
most
T.
Rowe
Price
funds
disclose
their
first
and
third
fiscal
quarter-end
holdings
on
troweprice.
com.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
31
APPROVAL
OF
INVESTMENT
ADVISORY
AND
SERVICES
AGREEMENT
At
a
meeting
held
on
February
5,
2026
(Meeting),
the
fund's
Board
of
Trustees
(Board),
including
a
majority
of
the
fund's
independent
trustees,
approved
the
initial
investment
advisory
and
services
agreement
(Advisory
Contract)
between
the
fund
and
its
investment
adviser,
T.
Rowe
Price
Associates,
Inc.
(Adviser).
At
the
Meeting,
the
Board
considered
the
factors
and
reached
the
conclusions
described
below
relating
to
the
selection
of
the
Adviser
and
the
approval
of
the
Advisory
Contract.
The
independent
trustees
were
assisted
in
their
evaluation
of
the
Advisory
Contract
by
independent
legal
counsel
from
whom
they
received
separate
legal
advice
and
with
whom
they
met
separately.
In
addition
to
serving
as
trustees
of
the
fund,
each
trustee
also
currently
serves
as
a
director
on
the
board
of
all
the
open-
end
registered
investment
companies
sponsored
and
managed
by
T.
Rowe
Price
(collectively,
the
"Price
Complex").
In
considering
and
approving
the
Advisory
Contract,
the
Board
considered
the
information
it
believed
was
relevant,
including,
but
not
limited
to,
the
information
discussed
below.
The
Board
considered
not
only
the
specific
information
presented
in
connection
with
the
Meeting
but
also
the
knowledge
gained
over
time
through
interaction
with
the
Adviser
regarding
the
Price
Complex
about
various
topics.
The
members
of
the
Board
meet
regularly
in
their
capacity
as
directors
of
the
Price
Complex
and,
at
each
of
its
meetings,
covers
an
extensive
agenda
of
topics
and
materials
and
considers
factors
that
are
relevant
to
its
oversight
of
the
funds
in
the
Price
Complex,
including
its
annual
consideration
of
the
renewal
of
the
advisory
contracts
for
such
funds.
Services
Provided
by
the
Adviser
The
Board
considered
the
nature,
quality,
and
extent
of
the
services
provided
to
other
funds
in
the
Price
Complex
(and
the
nature,
quality,
and
extent
of
the
services
expected
to
be
provided
to
the
fund)
by
the
Adviser.
These
services
include,
but
are
not
limited
to,
directing
the
fund's
investments
in
accordance
with
its
investment
program
and
the
overall
management
of
the
fund's
portfolio,
as
well
as
a
variety
of
related
activities
such
as
financial,
investment
operations,
and
administrative
services;
compliance
and
infrastructure,
as
well
as
compliance
with
new
and
evolving
regulatory
requirements
(e.g.,
compliance
with
co-investment
exemptive
order
provisions);
maintaining
the
fund's
records
and
registrations;
and
shareholder
communications.
The
Board
also
reviewed
the
background
and
experience
of
the
Adviser's
senior
management
team
and
investment
personnel
that
will
be
involved
in
the
management
of
the
fund,
as
well
as
the
Adviser's
compliance
record.
The
Board
concluded
that
the
information
it
considered
with
respect
to
the
nature,
quality,
and
extent
of
the
services
that
are
expected
to
be
provided
by
the
Adviser,
as
well
as
the
other
factors
considered
at
the
Meeting,
supported
the
Board's
approval
of
the
initial
Advisory
Contract
for
the
fund.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
32
Costs,
Benefits,
Profits,
Economies
of
Scale,
and
Fees
and
Expenses
Since
the
fund
had
not
yet
incepted
but
was
approved
for
launch
at
the
Meeting,
the
Board
did
not
review
information
regarding
revenues
received
by
the
Adviser
under
the
Advisory
Contract
and
other
benefits
that
the
Adviser
(and
its
affiliates)
may
have
realized,
or
will
realize,
from
its
relationship
with
the
fund.
In
considering
any
soft-dollar
arrangements,
the
Board
noted
that
the
Adviser
may
use
brokerage
commissions
in
connection
with
certain
T.
Rowe
Price
funds'
securities
transactions
to
pay
for
research
when
permissible,
and
the
Board
considered
that
the
Adviser
may
receive
some
benefit
from
soft-dollar
arrangements
pursuant
to
which
research
is
received
from
broker-dealers
that
execute
the
applicable
fund's
portfolio
transactions.
The
Board
also
considered
whether
the
fund
will
benefit
under
the
fee
level
set
forth
in
the
Advisory
Contract
or
otherwise
from
any
economies
of
scale
potentially
realized
by
the
Adviser.
Under
the
Advisory
Contract,
the
fund
will
pay
the
Adviser
an
advisory
fee
based
on
the
fund's
average
daily
net
assets.
This
fee
includes
investment
advisory
and
administration
services,
as
stated
in
the
investment
advisory
and
services
agreement;
however,
the
Adviser
has
contractually
agreed
to
waive
the
fund's
advisory
fee
for
the
fund's
first
year
of
operations.
The
Board
considered
that
the
advisory
fee
rate
was
determined
based
upon
an
evaluation
of
the
particular
strategy,
fees
associated
with
the
fund's
underlying
investment
funds,
and
a
competitive
analysis
of
similarly
managed
interval
funds.
The
Board
noted
that
the
fund
is
also
subject
to
contractual
expense
limitations
that
require
the
Adviser
to
waive
its
management
fees
and/or
bear
any
operating
expenses
that
would
otherwise
cause
the
expenses
of
a
share
class
of
the
fund
to
exceed
a
certain
percentage
based
on
the
class's
net
assets.
The
Board
considered
that
expense
limitations
mitigate
the
potential
for
an
increase
in
operating
expenses
above
a
certain
level
that
could
impact
shareholders.
In
addition,
the
Board
noted
that
the
fund
will
potentially
share
in
potential
economies
of
scale
through
the
Adviser's
ongoing
investments
in
its
business
in
support
of
the
funds
in
the
Price
Complex,
including
investments
in
trading
systems,
technology,
and
regulatory
support
enhancements,
and
the
ability
to
possibly
negotiate
lower
fee
arrangements
with
third-party
service
providers.
The
Board
concluded
that
the
management
fee
structure
for
the
fund
provides
for
a
reasonable
sharing
of
benefits
from
potential
economies
of
scale
with
the
fund
and
its
investors.
APPROVAL
OF
INVESTMENT
ADVISORY
AND
SERVICES
AGREEMENT
(continued)
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
33
In
connection
with
its
approval
of
the
initial
Advisory
Contract,
the
Board
was
provided
with
information
regarding
industry
trends
in
management
fees
and
expenses
for
similarly
managed
interval
funds
and
the
Board
reviewed
comparisons
of
the
fund's
proposed
fee
structure
relative
to
similarly
managed
interval
funds.
The
Board
also
received
information
on
the
fees
and
expenses
associated
with
the
fund's
underlying
investment
funds.
On
the
basis
of
the
information
provided
and
the
factors
considered,
the
Board
concluded
that
the
fees
to
be
paid
under
the
Advisory
Contract
were
reasonable
and
appropriate.
Approval
of
the
Advisory
Contract
As
noted,
at
the
Meeting,
the
Board
approved
the
initial
Advisory
Contract
for
the
fund.
No
single
factor
was
considered
in
isolation
or
to
be
determinative
to
the
decision.
Rather,
the
Board
concluded,
in
light
of
a
weighting
and
balancing
of
all
factors
considered,
that
it
was
in
the
best
interests
of
the
fund
and
its
future
shareholders
for
the
Board
to
approve
the
Advisory
Contract
(including
the
fees
to
be
charged
for
services
thereunder).
APPROVAL
OF
INVESTMENT
ADVISORY
AND
SERVICES
AGREEMENT
(continued)
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
34
DIVIDEND
REINVESTMENT
PLAN
The
Fund
will
operate
under
the
Dividend
Reinvestment
Plan
(DRP)
administered
by
the
Transfer
Agent.
Pursuant
to
the
DRP,
the
Fund's
Distributions,
net
of
any
applicable
U.S.
withholding
tax,
are
reinvested
in
the
same
class
of
Shares
of
the
Fund.
Shareholders
automatically
participate
in
the
DRP,
unless
and
until
an
election
is
made
to
withdraw
from
the
plan
on
behalf
of
such
participating
Shareholder.
A
Shareholder
who
does
not
wish
to
have
Distributions
automatically
reinvested
may
terminate
participation
in
the
DRP
by
written
instructions
to
that
effect
to
the
Transfer
Agent.
Shareholders
who
elect
not
to
participate
in
the
DRP
will
receive
all
distributions
in
cash
paid
to
the
Shareholder
of
record
(or,
if
the
Shares
are
held
in
street
or
other
nominee
name,
then
to
such
nominee).
Such
written
instructions
must
be
received
by
the
Transfer
Agent
by
the
Repurchase
Request
Deadline
or
the
Shareholder
will
receive
such
Distribution
in
Shares
through
the
DRP.
Under
the
DRP,
the
Fund's
Distributions
to
Shareholders
are
automatically
reinvested
in
full
and
fractional
Shares
as
described
below.
When
the
Fund
declares
a
Distribution,
the
Transfer
Agent,
on
the
Shareholder's
behalf,
will
receive
additional
authorized
Shares
from
the
Fund
either
newly
issued
or
repurchased
from
Shareholders
by
the
Fund
and
held
as
treasury
stock.
The
number
of
Shares
to
be
received
when
Distributions
are
reinvested
will
be
determined
by
dividing
the
amount
of
the
Distribution
by
the
Fund's
NAV
per
share.
The
Transfer
Agent
will
maintain
all
Shareholder
accounts
and
furnish
written
confirmations
of
all
transactions
in
the
accounts,
including
information
needed
by
Shareholders
for
personal
and
tax
records.
The
Transfer
Agent
will
hold
Shares
in
the
account
of
the
Shareholders
in
non-certificated
form
in
the
name
of
the
participant,
and
each
Shareholder's
proxy,
if
any,
will
include
those
Shares
purchased
pursuant
to
the
DRP.
Each
participant,
nevertheless,
has
the
right
to
request
certificates
for
whole
and
fractional
Shares
owned.
The
Fund
will
issue
certificates
in
its
sole
discretion.
The
Transfer
Agent
will
distribute
all
proxy
solicitation
materials,
if
any,
to
participating
Shareholders.
In
the
case
of
Shareholders,
such
as
banks,
brokers
or
nominees,
that
hold
Shares
for
others
who
are
beneficial
owners
participating
under
the
DRP,
the
Transfer
Agent
will
administer
the
DRP
on
the
basis
of
the
number
of
Shares
certified
from
time
to
time
by
the
record
shareholder
as
representing
the
total
amount
of
Shares
registered
in
the
Shareholder's
name
and
held
for
the
account
of
beneficial
owners
participating
under
the
DRP.
A
Shareholder
holding
Shares
that
participate
in
the
DRP
in
a
brokerage
account
may
not
be
able
to
transfer
the
Shares
to
another
broker
and
continue
to
participate
in
the
DRP.
T.
ROWE
PRICE
Goldman
Sachs
Private
Markets
Fund
35
Neither
the
Transfer
Agent
nor
the
Fund
shall
have
any
responsibility
or
liability
beyond
the
exercise
of
ordinary
care
for
any
action
taken
or
omitted
pursuant
to
the
DRP,
nor
shall
they
have
any
duties,
responsibilities
or
liabilities
except
such
as
expressly
set
forth
herein.
Neither
shall
they
be
liable
hereunder
for
any
act
done
in
good
faith
or
for
any
good
faith
omissions
to
act,
including,
without
limitation,
failure
to
terminate
a
participant's
account
prior
to
receipt
of
written
notice
of
his
or
her
death
or
with
respect
to
prices
at
which
Shares
are
purchased
or
sold
for
the
participants
account
and
the
terms
on
which
such
purchases
and
sales
are
made,
subject
to
applicable
provisions
of
the
federal
securities
laws.
The
automatic
reinvestment
of
Dividends
will
not
relieve
participants
of
any
federal,
state
or
local
income
tax
that
may
be
payable
(or
required
to
be
withheld)
on
such
Dividends.
See
"Tax
Aspects."
The
Fund
reserves
the
right
to
amend
or
terminate
the
DRP
upon
60
days'
notice
to
Shareholders.
There
is
no
direct
service
charge
to
participants
with
regard
to
purchases
under
the
DRP;
however,
the
Fund
reserves
the
right
to
amend
the
DRP
to
include
a
service
charge
payable
by
the
participants.
All
correspondence
concerning
the
DRP
should
be
directed
to
T.
Rowe
Price
Services,
Inc.
at
T.
Rowe
Price
Services,
Inc.
4515
Painters
Mill
Rd
Owings
Mills,
MD
21117.
Certain
transactions
can
be
performed
by
calling
the
toll
free
number
1-844-700-1478.
DIVIDEND
REINVESTMENT
PLAN
(continued)
1307
Point
Street
Baltimore,
Maryland
21231
T.
Rowe
Price
Investment
Services,
Inc.
Call
1-800-638-5660
to
request
a
prospectus
or
summary
prospectus;
each
includes
investment
objectives,
risks,
fees,
expenses,
and
other
information
that
you
should
read
and
consider
carefully
before
investing.
F2983-051
10/26
Item 1. (b) Notice pursuant to Rule 30e-3.
Not applicable.
Item 2. Code of Ethics.
Disclosure required in registrant's annual Form N-CSR.
Item 3. Audit Committee Financial Expert.
Disclosure required in registrant's annual Form N-CSR.
Item 4. Principal Accountant Fees and Services.
Disclosure required in registrant's annual Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.
(b) Not applicable.
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
(a - b) Not applicable.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
If applicable, see Item 1 of this Form N-CSR.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Information on proxy voting policies and procedures is included in Item 1 of this Form N-CSR.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Disclosure required in registrant's annual Form N-CSR.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There has been no change to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees.
Item 16. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.
(b) The registrant's principal executive officer and principal financial officer are aware of no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
If applicable, see Item 1 of this Form N-CSR.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. Exhibits.
| (a)(1) |
The registrant's code of ethics pursuant to Item 2 of Form N-CSR is filed with the registrant's annual Form N-CSR. |
|
| (2) |
Listing standards relating to recovery of erroneously awarded compensation: not applicable. |
|
| (3) |
Separate certifications by the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached. |
|
| (b) |
A certification by the registrant's principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached. |
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| T. Rowe Price Goldman Sachs Private Markets Fund | ||||
| By |
/s/ David Oestreicher |
|||
| David Oestreicher | ||||
| Principal Executive Officer | ||||
| Date | October 16, 2026 | |||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By |
/s/ David Oestreicher |
|||
| David Oestreicher | ||||
| Principal Executive Officer | ||||
| Date | October 16, 2026 | |||
| By |
/s/ Alan S. Dupski |
|||
| Alan S. Dupski | ||||
| Principal Financial Officer | ||||
| Date | October 16, 2026 | |||
T Rowe Price Goldman Sachs Private Markets Fund published this content on October 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 21, 2026 at 13:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]