Goldman Sachs Group Inc Stock Price, News & Analysis

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.

Goldman Sachs BDC reported its Q3 2022 results, with net investment income per share at $0.60, adjusted to $0.56 when excluding purchase discount amortization. Despite a total investment income increase to $95.2 million, earnings per share fell to $(0.07). The net asset value per share decreased by 3.3% to $15.02, and the debt-to-equity ratio rose to 1.34x. The Board declared a quarterly dividend of $0.45 per share.

Net originations reached $205.3 million, with a portfolio valued at $4.054 billion, primarily in senior secured debt.

Advent International has appointed Heather Kennedy Miner as Managing Director and Chief Operating Officer, effective January 1, 2023. Miner brings extensive experience from Goldman Sachs, where she held senior roles, including Partner and COO of Asset Management, overseeing $2.4 trillion. Advent's recent fundraising success with $25 billion in new capital for its flagship fund, GPE X, positions the firm for strategic growth. Advent, established in 1984, currently manages $96 billion in assets across various sectors.