Goldman Sachs to Buy $200 Million Stake in General Catalyst

The move is rare in venture capital but is more widespread in private equity

A unit of Goldman Sachs Group Inc. is acquiring a small stake in venture-capital firm General Catalyst for roughly $200 million, according to a person familiar with the situation.

Goldman’s stake in General Catalyst will be in the high single-digit percentages, another person added.

The deal, which is being done through Goldman’s Petershill...