- Bruce Bond serves as CEO of Innovator
- It is expected that Innovator’s more than 60 employees will join the Goldman Sachs Asset Management third-party wealth and ETF teams
Goldman Sachs has agreed to acquire Innovator Capital Management, a Wheaton, Illinois-based financial institution that issues ETFs, for $2 billion.
“Active ETFs are dynamic, transformative, and have been one of the fastest-growing segments in today’s public investment landscape. By acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products for investor portfolios,” said David Solomon, chairman and CEO of Goldman Sachs in a statement. “Innovator’s reputation for innovation and leadership in defined outcome solutions complements our mission to enhance the client experience with sophisticated strategies that seek to deliver targeted, defined outcomes for investors.”
Bruce Bond serves as CEO of Innovator.
It is expected that Innovator’s more than 60 employees will join the Goldman Sachs Asset Management third-party wealth and ETF teams. The business will be wholly owned under Goldman Sachs Asset Management and the investment management and service providers will remain the same.
The transaction is expected to close in the second quarter of 2026.
Goldman Sachs was advised by Goldman Sachs Global Banking and Markets as financial advisor and Wachtell, Lipton, Rosen & Katz and Willkie Farr & Gallagher LLP as legal counsel. Innovator was advised by Oppenheimer & Co, Inc. as financial advisor and Vedder Price as legal counsel.
As of September 30, 2025, Goldman Sachs Asset Management and Innovator manage more than 215 ETF strategies globally.