Goldman Sachs agrees to acquire NEOS Investments for up to $2.25 billion

Goldman Sachs agreed to buy NEOS Investments, an options-based income ETF manager with $30 billion in assets as of June 30, 2026.

• Deal consideration is up to $2.25 billion in cash and equity, tied to performance or service commitments.
• The combination lifts Goldman Sachs Asset Management’s active ETF offering to about $80 billion within a $130 billion global ETF platform.
• NEOS co-founders Troy Cates and Garrett Paolella are set to join Goldman Sachs Asset Management as partners; the full team is expected to move over.
• The transaction is expected to close in the first quarter of 2027, subject to customary conditions.