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Goldman Sachs Buys Innovator Capital for $2B
Goldman Sachs will acquire Innovator Capital Management, which manages $28 billion in assets, to strengthen its asset management and defined-outcome ETF offerings.
- On Monday, Goldman Sachs agreed to buy Innovator Capital Management for about $2 billion, saying the deal will bolster its asset management division and expand ETF offerings.
- Innovator Capital Management, which built the strategy, pioneered defined‑outcome ETFs and oversees $28 billion across 159 ETFs, marking it as a key niche player.
- Defined‑outcome ETFs use contracts including options to buffer downside or target gains, and Goldman said Monday Innovator's 60‑plus employees and key executives will join its asset management teams.
- The deal positions Goldman Sachs Asset Management as a top ten active ETF provider, managing more than 215 ETF strategies and over $75 billion, subject to regulatory approval and performance targets.
- Morningstar data show rapid growth in defined‑outcome ETFs, with a 66% compound annual growth rate since 2020 and 180 defined‑outcome ETFs by August 2023, as Goldman’s asset-management deals this year include $1 billion in T. Rowe Price.
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Goldman Goes All In on Buffer ETFs with $2B Innovator Deal
Less than a year after starting to dabble in buffered ETFs, Goldman Sachs is about to become one of the biggest names in the game. The Wall Street giant has agreed to buy defined-outcome ETF firm Innovator Capital Management for $2 billion, it announced Monday. Expected to close during the second quarter of 2026, the purchase will catapult Goldman from its status as a newcomer to the second-largest asset manager in the category, adding $28 billi…
The deal between Goldman Sachs and Innovator Capital Management reached $2 billion
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Total News Sources48
Leaning Left4Leaning Right3Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 25%
C 56%
R 19%
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