A Reuters review of millions of documents released by the U.S. Department of Justice last week reveals that Goldman Sachs’ top lawyer, Kathryn Ruemmler, accepted multiple personal gifts from Jeffrey Epstein, the convicted sex offender who died in 2019. Emails show Ruemmler received fine art, jewelry and domestic travel arrangements funded by Epstein between 2014 and 2018, while advising him on strategies to manage media inquiries after his 2015 state-level conviction. The correspondence also indicates she counseled Epstein on drafting press statements and suggested media outlets to target. Goldman Sachs has launched an internal review of compliance records and gift-reporting protocols, with at least one outside law firm retained to assess if these exchanges violated firm policy or federal ethics statutes. Investor governance specialists warn the revelations could expose the bank to regulatory fines and reputational damage, potentially triggering heightened oversight from the SEC’s Division of Enforcement.

Growth Equity at Goldman Sachs Alternatives spearheaded a $75 million Series C financing for Fieldguide, a provider of agentic AI platforms for audit and advisory firms. The round, which included new investor Geodesic and participation from Bessemer Venture Partners, 8VC and Thomson Reuters, brings Fieldguide’s total funding to $125 million and values the company at $700 million. Goldman’s growth equity team cited structural capacity shortfalls in the audit market—an existing 125 million-hour deficit worth more than $25 billion, projected to swell to 600 million hours by 2030—and noted that Fieldguide’s AI-driven workflow automation is already deployed by half of the Top 100 U.S. accounting firms. The transaction highlights Goldman Sachs’ strategic commitment to alternative asset classes; Growth Equity at Goldman Sachs Alternatives has now invested over $13 billion since 2003 and oversees more than $625 billion in assets globally.