David Solomon, chief govt officer of Goldman Sachs.
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Goldmans Sachs on Monday stated it agreed to purchase Innovator Capital Administration, a supplier of defined-outcome ETFs, for about $2 billion in its newest deal to bolster the agency’s asset administration division.
Goldman stated the acquisition, anticipated to shut within the second quarter of 2026, will increase its ETF choices in a fast-growing nook of the investing world.
Outlined-outcome ETFs use contracts together with choices to buffer draw back dangers or supply focused beneficial properties over set time intervals. Innovator had $28 billion of property underneath supervision throughout 159 ETFs as of Sept. 30.
“Lively ETFs are dynamic, transformative, and one of many fastest-growing segments in at the moment’s public funding panorama,” Goldman CEO David Solomon stated in a information launch asserting the deal. “By buying Innovator, Goldman Sachs will broaden entry to trendy, world-class funding merchandise.”
Goldman Sachs, which has made asset and wealth administration a precedence since pivoting away from a client banking push, has made a collection of offers within the sector this yr. In September, Goldman stated it might make investments $1 billion in T. Rowe Value, and the next month, the financial institution stated it acquired enterprise capital investor Business Ventures to bolster its various investments platform.
Goldman stated Monday as soon as the deal closes, Innovator’s 60-plus staff will be a part of the financial institution’s asset administration division.
