Goldman Sachs Acquires Neos Investments for Up to $2.25B in Cash and Equity

Goldman Sachs buys Neos Investments for up to $2.25B, adding $32B in AUM and expanding active ETF capabilities to ~$130B total.

Woofun AI reports that Goldman Sachs intends to acquire ETF provider Neos Investments for up to $2.25 billion in cash and equity. Founded in 2022, Neos manages approximately $32 billion across nearly 20 income-focused ETFs utilizing options strategies. Upon completion, Goldman Sachs' ETF assets under management are projected to reach roughly $130 billion. Neos co-founders Troy Cates and Garrett Paolella will join as partners at Goldman Sachs Asset Management, with the entire Neos team integrating into the firm. As of the end of the second quarter, Goldman Sachs Asset and Wealth Management reported assets exceeding $4 trillion, an increase of over $700 billion year-over-year, alongside a 20% rise in revenue.