Goldman Sachs to Acquire Innovator Capital Management

December 2, 2025

Goldman Sachs agreed to acquire Innovator Capital Management in a transaction valued at approximately $2 billion in cash and equity, subject to performance targets and regulatory approval. The deal is expected to close in the second quarter of 2026 and will expand Goldman Sachs Asset Management’s ETF lineup, adding $28 billion in assets under supervision across 159 defined outcome ETFs.

Buyers
Goldman Sachs
Targets
Innovator Capital Management
Industry
Cloud & SaaS
Location
Illinois, United States
Transaction Type
Buyout

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