Goldman Sachs said it will acquire Innovator Capital Management for about $2 billion, which marks one of its largest moves this year to expand its asset and wealth management division. Innovator, a specialist in defined-outcome ETFs, oversaw $28 billion across 159 funds as of late September. The bank expects the deal to close in the second quarter of 2026.
Defined-outcome ETFs use options-based structures to limit downside risk or provide targeted performance ranges over specific periods. The transaction gives Goldman a broader foothold in a rapidly growing segment of the ETF market, adding a suite of products that have drawn interest from institutional allocators seeking structured exposures.
The acquisition follows a series of steps by Goldman to deepen its asset management capabilities after scaling back its consumer banking strategy. Recent moves include a $1 billion investment commitment to T. Rowe Price and the purchase of Industry Ventures. Once completed, Innovator’s workforce of more than 60 employees will join Goldman’s asset management division.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
