- At the deal’s closing, co-founders and managing partners Troy Cates and Garrett Paolella will join Goldman Sachs Asset Management as partners
- Also, the full NEOS team will join Goldman Sachs Asset Management, including founders, investors, and client service teams
- The transaction is expected to close in the first quarter of 2027
Goldman Sachs has agreed to acquire Neos Investments, a Westport, Connecticut-based specialized provider of systematic options-based income exchange-traded funds, for $2.25 billion.
NEOS manages $30 billion in assets across 19 options-based income ETFs as of June 30, 2026.
“As investor demand for active ETFs grows, Neos’ disciplined investment approach is highly complementary to our capabilities across buffer, managed outcome and income strategies. Together, we will give investors a diverse toolkit for different market environments,” said David Solomon, chairman and CEO of Goldman Sachs. “Neos’ innovative ETF solutions and intuitive financial education programs have helped them build a strong market presence across a diverse investor base and this acquisition is an excellent strategic and cultural fit.”
At the deal’s closing, co-founders and managing partners Troy Cates and Garrett Paolella will join Goldman Sachs Asset Management as partners. Also, the full Neos team will join Goldman Sachs Asset Management, including founders, investors, and client service teams.
The transaction is expected to close in the first quarter of 2027.
Goldman Sachs was advised by Goldman Sachs Global Banking & Markets as financial advisor and Wachtell, Lipton, Rosen & Katz and Willkie Farr & Gallagher LLP as legal counsel. Barclays is serving as exclusive financial advisor and Ropes & Gray LLP is serving as legal counsel to NEOS.
Neos was founded in 2022.