Goldman Sachs to Acquire NEOS in $2.25B ETF Deal
The deal adds 19 options-based income ETFs and lifts Goldman Sachs Asset Management’s ETF assets beyond $130 billion, the bank said.
- Goldman Sachs Group Inc. announced on Wednesday, August 12, an agreement to acquire NEOS Investments for up to $2.25 billion, expanding the bank's actively managed exchange-traded fund platform.
- Based in Westport, Connecticut, NEOS has built 19 systematic options-based income ETFs since its 2022 launch, specializing in funds tied to the S&P 500, Nasdaq-100, and high-yield bonds.
- Once the purchase closes, Goldman Sachs Asset Management will hold total ETF assets exceeding $130 billion. Goldman placed NEOS assets at approximately $30 billion, while Bloomberg estimated the firm reached about $32 billion.
- Co-Founders Troy Cates and Garrett Paolella will become partners at Goldman Sachs Asset Management when the deal closes in the first quarter of 2027. Most operating teams are also expected to join the bank.
- The deal follows Goldman's December 2025 acquisition of Innovator Capital Management, which managed $28 billion. Goldman is also exploring active cryptocurrency-linked products, including a proposed Bitcoin Premium Income ETF.
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Behind Goldman’s $2.3B Deal for NEOS Investments
What are our options? Asset managers are growing increasingly determined to bring options-based strategies, traditionally tools of institutional and accredited investors, to the masses. Goldman Sachs is emerging as one of the more aggressive forces in the trend. The investment bank announced yesterday that it will acquire NEOS Investments, which focuses on active, derivative income ETFs, in a deal worth up to $2.3 billion. The purchase will add …
Watch Goldman Sachs to Acquire ETF Provider Neos in $2.3 Billion Deal
Goldman Sachs Group will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market. Bloomberg's Neil Sipes joins to discuss.
Goldman Sachs ups ETF push, set to acquire Neos Investments for up to $2.25 billion
Goldman Sachs is set to acquire Neos Investments for nearly $2.25 billion. Neos manages approximately $30 billion across nineteen exchange-traded funds. The acquisition will boost Goldman's active ETF assets to $80 billion.
Goldman Sachs to acquire NEOS in $2.25B ETF deal
Goldman Sachs has agreed to acquire NEOS Investments for up to $2.25 billion, adding about $30 billion in assets and 19 options-based income ETFs to its asset management business. Goldman Sachs sets first-quarter 2027 closing target Goldman Sachs said in…
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