(Bloomberg) -- Goldman Sachs Group Inc. will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager's reach in the actively managed exchange-traded fund market. The cash-and-equity deal will add a fast-growing ETF issuer to the Wall Street giant's roster of offerings, according to Marc Nachmann, who oversees Goldman's money-management arm. Goldman has been pushing further into the ETF universe in recent months, striking a deal late last year to buy Innovator Capital Management for $2 billion. With the Innovator purchase, the bank's asset manager gained a firm known for its defined-outcome ETFs, while the bank is expanding its options-based ETF offerings with the Neos agreement. Troy Cates and Garrett Paolella, Neos co-founders, will become partners at Goldman Sachs Asset Management after the deal is completed.