Key Takeaways
- • Phoenix Financial plans to deploy more than USD 4.00 billion of client and corporate assets through a new private-credit partnership with Goldman Sachs, announced October 15, 2026, according to Goldman Sachs Asset Management.
- • The partnership gives Phoenix access to corporate, asset-backed, real-estate and infrastructure credit strategies, spanning private investment-grade credit, senior direct lending and opportunistic credit.
- • Phoenix describes itself as an Israeli financial platform with more than USD 220.00 billion in assets under management, while Goldman Sachs Alternatives held USD 230.00 billion in private-credit assets as of June 30, 2026.
- • The next reporting date is December 2, 2026, according to TradingView, and the company's market capitalization stood at ILS 45.9 billion as of October 19, 2026.
Summary
Phoenix Financial (ISIN IL0007670123) plans to deploy more than USD 4.00 billion of client and corporate assets through a new private-credit partnership with Goldman Sachs, according to Goldman Sachs Asset Management, which announced the agreement on October 15, 2026. The arrangement gives Phoenix access to corporate, asset-backed, real-estate and infrastructure credit strategies. Goldman Sachs said Phoenix will draw on its sourcing, underwriting and investment capabilities across private investment-grade credit, senior direct lending and opportunistic credit, and the partnership expands Phoenix's international investment reach.
The scale is material relative to Phoenix's existing platform. Goldman Sachs describes Phoenix as an Israeli financial platform with more than USD 220.00 billion in assets under management, while Goldman Sachs Alternatives had USD 230.00 billion in private-credit assets as of June 30, 2026.
The announcement follows several recent corporate developments. According to Simply Wall St., on September 10, 2026, Phoenix Financial joined a proposed ILS 370.00 million acquisition of a 30.00 percent stake in IBC Israel Broadband Company. On October 5, 2026, Shay Tzadok became deputy CEO and CFO, replacing Eli Schwartz.
Financial performance provides further context. Per Simply Wall St., second-quarter 2026 net income was ILS 904.14 million on revenue of ILS 6.63 billion, down 5.50 percent year over year. For the first half of 2026, the company reported comprehensive income of ILS 1,574.00 million, a 26.10 percent return on equity, 10.00 percent business growth and 36.00 percent growth in core income. Assets under management rose 8.00 percent, and the 2026 share buyback plan was increased from ILS 300.00 million to ILS 400.00 million. The next reporting date is December 2, 2026, according to TradingView. Market capitalization was ILS 45.9 billion as of October 19, 2026. The company operates across insurance, asset management, retirement, wealth solutions, advisory, brokerage and credit origination, and the international credit strategy adds a capital-allocation dimension ahead of the December results.
The scale is material relative to Phoenix's existing platform. Goldman Sachs describes Phoenix as an Israeli financial platform with more than USD 220.00 billion in assets under management, while Goldman Sachs Alternatives had USD 230.00 billion in private-credit assets as of June 30, 2026.
The announcement follows several recent corporate developments. According to Simply Wall St., on September 10, 2026, Phoenix Financial joined a proposed ILS 370.00 million acquisition of a 30.00 percent stake in IBC Israel Broadband Company. On October 5, 2026, Shay Tzadok became deputy CEO and CFO, replacing Eli Schwartz.
Financial performance provides further context. Per Simply Wall St., second-quarter 2026 net income was ILS 904.14 million on revenue of ILS 6.63 billion, down 5.50 percent year over year. For the first half of 2026, the company reported comprehensive income of ILS 1,574.00 million, a 26.10 percent return on equity, 10.00 percent business growth and 36.00 percent growth in core income. Assets under management rose 8.00 percent, and the 2026 share buyback plan was increased from ILS 300.00 million to ILS 400.00 million. The next reporting date is December 2, 2026, according to TradingView. Market capitalization was ILS 45.9 billion as of October 19, 2026. The company operates across insurance, asset management, retirement, wealth solutions, advisory, brokerage and credit origination, and the international credit strategy adds a capital-allocation dimension ahead of the December results.
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