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Goldman Sachs to Acquire Innovator Capital for $2 Billion

12/1/2025

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Summary

Story summary

On December 1, 2025, Goldman Sachs announced it will acquire Innovator Capital Management for about $2 billion to boost asset management and expand defined-outcome ETFs.
Innovator Capital Management manages $28 billion across 159 ETFs.
Goldman Sachs Chief Executive Officer David Solomon emphasized the importance of active ETFs.
Innovator staff will integrate into Goldman’s asset management team after the deal closes in the second quarter of 2026.

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Story summary

On December 1, 2025, Goldman Sachs announced it will acquire Innovator Capital Management for about $2 billion to boost asset management and expand defined-outcome ETFs.
Innovator Capital Management manages $28 billion across 159 ETFs.
Goldman Sachs Chief Executive Officer David Solomon emphasized the importance of active ETFs.
Innovator staff will integrate into Goldman’s asset management team after the deal closes in the second quarter of 2026.