Goldman Sachs partners with Phoenix on USD 4 billion: what it means for The Phoenix stock

Published on 10/20/2026 at 09:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phoenix Financial plans to deploy more than USD 4.00 billion in private credit. Second-quarter net income for The Phoenix stock reached ILS 904.14 million.

Capital deployment and reporting date

Phoenix Financial announced its Goldman Sachs partnership on October 15, 2026.
Comprehensive income reached ILS 1,574.00 million in the first half of 2026.
The next earnings report is scheduled for December 2, 2026.

The Phoenix, IL0007670123, Illustration mit AI erstellt.

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. The agreement was announced on October 15, 2026, according to Goldman Sachs Asset Management. The plan gives Phoenix access to corporate, asset-backed, real-estate and infrastructure credit strategies.

What does USD 4.00 billion mean?

The partnership expands Phoenix Financial's international investment reach without presenting private credit as a standalone new business. Goldman Sachs said Phoenix will use its sourcing, underwriting and investment capabilities across private investment-grade credit, senior direct lending and opportunistic credit.

The scale is material against Phoenix Financial's existing platform. The Goldman Sachs announcement 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.

Three dates define the story

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, according to Simply Wall St. On October 5, 2026, Shay Tzadok became deputy CEO and CFO, replacing Eli Schwartz. On October 15, 2026, Phoenix Financial announced the USD 4.00 billion private-credit partnership with Goldman Sachs.

When are the next results?

The next reporting date is December 2, 2026, according to TradingView. The latest reported second-quarter 2026 figures included ILS 904.14 million in net income and ILS 6.63 billion in revenue, with net income down 5.50 percent year over year, according to Simply Wall St.

For the first half of 2026, Phoenix Financial 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, according to Simply Wall St. Assets under management increased 8.00 percent, while the 2026 share buyback plan rose from ILS 300.00 million to ILS 400.00 million.

Market value remains substantial

Phoenix Financial's 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. Its international credit strategy now adds a clear capital-allocation angle ahead of the December reporting date.