David Solomon, chief executive officer of Goldman Sachs.<\/p>\n
Bloomberg | Bloomberg | Getty Images<\/p>\n
Goldmans Sachs<\/a> on Monday said<\/a> it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division.<\/p>\n Goldman said the acquisition, expected to close in the second quarter of 2026, will boost its ETF offerings in a fast-growing corner of the investing world.<\/p>\n Defined-outcome ETFs use contracts including options to buffer downside risks or offer targeted gains over set time periods. Innovator had $28 billion of assets under supervision across 159 ETFs as of Sept. 30.<\/p>\n “Active ETFs are dynamic, transformative, and one of the fastest-growing segments in today’s public investment landscape,” Goldman CEO David Solomon said in a news release announcing the deal. “By acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products.”<\/p>\n Goldman Sachs, which has made asset and wealth management a priority since pivoting away from a consumer banking push, has made a series of deals in the sector this year. In September, Goldman said it would invest $1 billion\u00a0in\u00a0T. Rowe Price<\/a>, and the following month, the bank said it acquired venture capital investor\u00a0Industry Ventures<\/a>\u00a0to bolster its alternative investments platform.<\/p>\n Goldman said Monday once the deal closes, Innovator’s 60-plus employees will join the bank’s asset management division.<\/p>\n","protected":false},"excerpt":{"rendered":"David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday…\n","protected":false},"author":2,"featured_media":324209,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[1532,1531,116,28,122,6993,1533,113,83581],"class_list":["post-324208","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banks","tag-breaking-news-investing","tag-breaking-news-markets","tag-business","tag-business-news","tag-goldman-sachs-bdc-inc","tag-goldman-sachs-group-inc","tag-investment-strategy","tag-t-rowe-price-group-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/324208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=324208"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/324208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/324209"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=324208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=324208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=324208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}