Goldman Sachs to buy ETF manager NEOS in $2.25bn deal

Goldman Sachs has agreed to get NEOS Investments, a steadfast focused connected systematic options-based income exchange-traded funds (ETFs).

The information totals up to $2.25bn successful currency and equity, taxable to definite show and/or work commitments.

As of 30 June 2026, NEOS oversaw $30bn successful assets crossed 19 options-based income ETFs. The steadfast was established successful 2022.

Goldman Sachs said the transaction would adhd to its scope of derivative-based ETF products.

As of 30 June 2026, Goldman Sachs Asset Management, Innovator from Goldman Sachs Asset Management and NEOS unneurotic managed much than $130bn successful ETF assets nether supervision.

NEOS co-founder Troy Cates said: "As we deliberation astir the adjacent section for our business, Goldman Sachs Asset Management is simply a spouse that shares our committedness to concern excellence and innovation. Together, we'll harvester NEOS' entrepreneurial tone with Goldman Sachs' scale, expertise and resources to grow the scope of NEOS' solutions and present adjacent greater worth for our investors."

Citing Morningstar data, Goldman Sachs said the combined concern would fertile arsenic the eighth largest progressive ETF manager arsenic of 30 June 2026.

After the transaction is completed, NEOS co-founders and managing partners Troy Cates and Garrett Paolella are acceptable to articulation Goldman Sachs Asset Management arsenic partners.

Goldman Sachs besides said it expects the broader NEOS team, including founders, investors and lawsuit work staff, to articulation Goldman Sachs Asset Management erstwhile the woody closes.

The woody is expected to adjacent successful the archetypal 4th of 2027, pending regulatory support and different customary closing conditions.

Goldman Sachs CEO and president David Solomon said: "As capitalist request for progressive ETFs grows, NEOS' disciplined concern attack is highly complementary to our capabilities crossed buffer, managed result and income strategies. Together, we volition springiness investors a divers toolkit for antithetic marketplace environments.

"NEOS' innovative ETF solutions and intuitive fiscal acquisition programs person helped them physique a beardown marketplace beingness crossed a divers capitalist basal and this acquisition is an fantabulous strategical and taste fit."

Last year, Goldman Sachs has signed an statement to get Innovator Capital Management, a supplier of defined result exchange-traded funds (ETFs), successful a transaction worthy astir $2bn.

Innovator presently manages 159 defined result ETFs.

Goldman Sachs Asset Management volition adhd $28bn successful assets nether supervision (AUS) from Innovator

"Goldman Sachs to bargain ETF manager NEOS successful $2.25bn deal" was primitively created and published by Private Banker International, a GlobalData owned brand.