Goldman Sachs Group Inc Stock Price, News & Analysis

Crux has reported significant growth and momentum in 2022, highlighted by $75M in contractual sales commitments and a remarkable annual recurring revenue (ARR) growth exceeding 260%. The company secured $50M in new venture funding, raising its total to $157M, led by Goldman Sachs and Two Sigma. By establishing over 260 partnerships with major data and cloud marketplaces, including Google, Crux's influence in external data technology continues to rise. Their newly introduced External Data Platform aims to democratize data integration, enhancing operational efficiency for clients worldwide.

A joint venture between Goldman Sachs Asset Management and Lane Partners has successfully completed the recapitalization of Southline Phase I, a prominent life science development in South San Francisco. This project, located near public transit options, will consist of two buildings totaling over 715,000 square feet, offering innovative spaces for life science and technology firms. Construction financing has been secured through Square Mile Capital and Bank OZK. The project aims to enhance tenant growth and is positioned within a key life science cluster, reflecting confidence in the Bay Area market.

Shanghai LePure Biotech Co., Ltd. has successfully completed its Series C financing, raising funds from renowned investors including Novo Holdings, General Atlantic, and Goldman Sachs Asset Management. The financing will bolster product innovation, accelerate overseas expansion, and enhance competitiveness in the global market.

Founded in 2011, LePure specializes in single-use bioprocessing solutions for macromolecular drug manufacturing. The recent acquisition of QuaCell Biotechnology enables LePure to expand its product suite, now including cell culture media alongside existing solutions. The company is poised to leverage its first-mover advantage and expertise to respond to market demands.

Goldman Sachs BDC, Inc. (NYSE: GSBD) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2022 on February 23, 2023, post-market close. An earnings conference call is scheduled for February 24, 2023, at 9:00 am ET. All stakeholders can join via telephone or through the audio webcast available on GS BDC’s website. The company focuses on investing in middle-market firms primarily through various debt instruments and is externally managed by Goldman Sachs Asset Management.

Goldman Sachs has partnered with CAF Funds to acquire 2,766 units in Texas, expanding their affordable housing initiative to a total of 3,800 units. This acquisition will support CAF's ‘Impact + Housing’ platform, aiming to provide essential social programs like childcare and financial literacy to residents. Freddie Mac recognized CAF's commitment to social impact by awarding it an Impact Sponsor designation. The partnership also focuses on enhancing affordability and sustainability through environmental audits and energy-efficient upgrades.

Goldman Sachs Asset Management, alongside Lincoln Harris, has acquired a 445,000-square-foot life science campus in the rapidly growing Raleigh-Durham area. The campus, located at Stirrup Creek Drive in the Research Triangle Park, consists of five buildings and is home to notable companies in the life sciences field. The property has undergone extensive upgrades, including a new 14,000-square-foot amenity center with a fitness center and recreational space. Future plans include additional improvements tailored to life science tenants, enhancing its appeal in this dynamic sector.

Goldman Sachs MLP and Energy Renaissance Fund (GER) announced a quarterly distribution of $0.200 per common share, marking a 14% increase from the previous quarter. This distribution is payable on November 30, 2022. Additionally, the Fund's Board of Trustees approved a $10 million share repurchase program effective November 10, 2022, aimed at enhancing shareholder value by purchasing shares trading at a discount to net asset value (NAV). The Fund intends to return capital to investors through these initiatives.

ClearGen, backed by Blackstone Credit's Sustainable Resources Platform, announced a significant investment in a portfolio of interests across 25 wind farms, totaling 1.4 GW of generation capacity in the U.S. Goldman Sachs' Asset Management provided tax equity for this acquisition from MUFG. ClearGen’s CEO expressed enthusiasm for enhancing their renewable energy portfolio, emphasizing the strategic partnership’s role. Goldman Sachs highlighted its longstanding commitment to renewable energy investment. The transaction aims to bolster sustainable energy efforts and support energy transition initiatives.