Goldman Sachs to buy Innovator Capital Management in push to grow its ETF lineup

Goldman Sachs has agreed to purchase Innovator Capital Management, a specialist in defined outcome ETFs, in a deal valued around $2 billion in cash and equity, expected to close in Q2 2026. This acquisition will add Innovator's $28 billion in assets under management (AUM) to Goldman Sachs Asset Management, positioning Goldman as a top ten active ETF provider. Goldman Sachs CEO David Solomon stated the move will expand access to modern investment products, capitalizing on the rapid growth of active ETFs. Innovator's leadership and over 60 employees will join Goldman Sachs, which will then oversee more than 215 global ETF strategies. Innovator is known for its defined outcome ETFs, which use options strategies to manage risk, and has also recently launched innovative structured ETFs offering managed exposure to Bitcoin.

(Source：Crypto Briefing)