Welcome to our dedicated page for Goldman Sachs Group news (Ticker: GS), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs Group stock.
The Goldman Sachs Group, Inc. (NYSE: GS) generates frequent news across investment banking, markets, asset management and alternative investments, making its news flow relevant for investors and market observers. Company disclosures via Form 8-K highlight quarterly and annual earnings, segment performance for Global Banking & Markets, Asset & Wealth Management and Platform Solutions, and updates on business segment changes and strategic decisions such as the planned transition of the Apple Card program to a new issuer.
News involving Goldman Sachs Asset Management and Goldman Sachs Alternatives illustrates the firm’s role as an investor in private markets. Recent announcements describe growth equity and alternatives-led investments in technology and AI-focused companies, insurance and cybersecurity platforms, customer engagement and software delivery businesses, as well as backing for battery energy storage developers and mixed-income real estate projects. These stories show how Goldman Sachs participates in financing across sectors such as enterprise software, energy infrastructure, real estate and financial technology.
Other news items reference the Urban Investment Group within Goldman Sachs Asset Management, which supports urban development and community-focused projects, and highlight distribution partnerships that expand access to private markets evergreen funds, including a Goldman Sachs real estate diversified income fund. Together, these updates provide insight into how Goldman Sachs deploys capital through its alternatives platform and asset management franchise.
On this GS news page, readers can follow earnings announcements, segment updates, capital markets transactions, alternative investment activity and partnerships involving Goldman Sachs. Regular visits can help track how developments in its core segments and in Goldman Sachs Alternatives relate to broader trends in investment banking, securities dealing, asset and wealth management and private markets investing.
Goldman Sachs Asset Management has announced a $2.25 million sponsorship for the SEO Tech Developer program over the next three years. This initiative aims to equip Black, Latinx, and Native American computer science students with essential skills for the tech industry. Since its inception, the program has aided over 130 students, with 85% of its first cohort securing internships at major companies like Amazon and Google. By 2024, the program aims to support 200 students annually, emphasizing the importance of a diverse workforce for driving innovation and growth.
Lincoln Harris and Goldman Sachs Asset Management have finalized the sale of a 367,000-square-foot building at 650 South Tryon in Charlotte to Highwoods Properties Inc. (NYSE: HIW). This marks the third sale within the Legacy Union project, which consists of over 1.5 million square feet of office space. The building is currently leased to major tenants like Deloitte and JLL. Highwoods Properties expands its footprint in Charlotte with this acquisition, following past successful transactions with Lincoln Harris and Goldman Sachs.
Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of
Goldman Sachs BDC, Inc. (GSBD) reported Q2 2022 financial results with net investment income per share of $0.49 and adjusted net investment income of $0.45, yielding an annualized return of 11.6%. The company declared a regular dividend of $0.45 per share. Total investments at fair value rose to $4.16 billion with net asset value per share declining to $15.53. The average net debt to equity ratio increased to 1.18x. Notable activity included $365.8 million in new investment commitments and a reduction in non-accrual investments to 0.4%. Earnings per share decreased to $0.18.
Performant Capital has created Provider Technology, LLC through the acquisitions of DavLong Business Solutions LLC and On Demand Solutions Inc. Both companies will continue to operate independently while sharing best practices. Goldman Sachs Asset Management provided financing for the acquisitions. Provider Technology aims to enhance technology capabilities and support services for over 3,000 medical providers in the U.S. The firm continues to seek additional acquisition opportunities to expand its services and geographic reach.
Lincoln Harris and Goldman Sachs Asset Management announced plans for the 24-story, 415,000-square-foot office tower, 600 South Tryon, in Uptown Charlotte, expected to complete by Q4 2024. This building will include 20,000 square feet of retail space and is already attracting tenants like the law firm Robinson Bradshaw, which has leased 102,000 square feet. The project is part of the Legacy Union development, which has seen over 1.5 million square feet built to date, showcasing innovative architecture and ESG features.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its second quarter financial results for the period ending June 30, 2022, after market close on August 4, 2022. An earnings conference call is scheduled for August 5, 2022, at 9:00 am ET. Interested parties can participate via telephone or an audio webcast on GS BDC’s website. The company, regulated as a business development company, focuses on investing in middle-market companies, generating income primarily through secured and unsecured debt investments.
Varagon Capital Partners has announced a strategic preferred equity investment from funds managed by Goldman Sachs Asset Management, aimed at supporting Varagon's lending growth and business expansion. Varagon, with approximately $15.1 billion in assets under management (AUM), focuses on senior loans to private equity-backed U.S. middle market companies. The firm anticipates increased growth in private equity transaction volumes, positioning itself strongly within the resilient lower middle market segment.
AlphaSense has raised $225 million in a Series D funding round led by Goldman Sachs and Viking Global Investors, increasing its valuation to $1.7 billion. The company has over 3,500 customers and impressive growth metrics, including more than $100 million in annual recurring revenue (ARR). User and customer bases both grew by over 100% in the past year. The funding aims to enhance product development and customer support. AlphaSense's AI-powered platform helps businesses make data-driven decisions efficiently.
Goldman Sachs Asset Management has launched the Goldman Sachs 529 Plan in partnership with Arizona's AZ529, Advisor Plan. The plan aims to enhance education saving services and will be managed by Ascensus College Savings Recordkeeping Services. It offers diversified investment options, including Year of Enrollment Portfolios and Target Risk Portfolios, and aims to help families meet long-term education funding needs. This strategic initiative has already garnered approval from the Arizona State Treasurer and Board of Investment for an initial 5-year agreement.