Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments in a deal that could reach $2.25 billion.

 

 

Announcing the acquisition plan, Goldman Sachs said in a press release that the move is aimed at expanding its offering of sophisticated, derivative-based ETFs to clients and investors.

 

“As investor demand for active ETFs grows, NEOS’ disciplined investment approach is highly complementary to our capabilities across buffer, managed outcome and income strategies. Together, we will give investors a diverse toolkit for different market environments,” said David Solomon, Chairman and CEO of Goldman Sachs.

 

With derivatives income ETFs being one of the fastest-growing categories in the ETF market, with approximately $180 billion in assets under management, financial research firm Morningstar projects that a combination of Goldman Sachs and NEOS could create the eighth-largest ETF manager in the world.

 

The acquisition is expected to be completed in the first quarter of 2027. Upon completion, NEOS co-founders Troy Cates and Garrett Paolella will join Goldman Sachs as managing partners. The full NEOS team, including its investment and client service teams, will also be absorbed into Goldman Sachs Asset Management.

 

About Goldman Sachs

 

Headquartered in New York, Goldman Sachs is one of the world’s leading investment firms, offering a range of services, including investment banking, securities trading, and asset management, to corporations, governments, and high-net-worth individuals.

 

The firm currently holds significant positions in Bitcoin and Ethereum ETFs and most recently filed for its Bitcoin-linked ETF in April, marking a shift from its previous skepticism toward the digital asset space to a more active engagement with the industry.