Goldman Sachs Group Inc Stock Price, News & Analysis

Newleos Therapeutics has secured a $93.5 million oversubscribed Series A financing, led by Goldman Sachs Alternatives with participation from Novo Holdings A/S, Longwood Fund, DCVC Bio, and Arkin Bio Capital. The company has in-licensed multiple clinical-stage programs from Roche to develop treatments for neuropsychiatric disorders.

The company's lead program, NTX-1955, is a first-in-class GABAA-γ1 selective positive allosteric modulator designed to treat anxiety disorders. Additional clinical-stage assets include NTX-1472 for social anxiety disorder, NTX-2001 for substance use disorders, and NTX-1511 for cognitive impairment. These programs target various receptors including V1a, TAAR1, and GABAA-α5.

The financing will support proof-of-concept clinical trials across their programs, addressing a significant unmet need in mental health conditions that affect over 60 million individuals in the US.

Tines, an AI-powered workflow company, has secured $125 million in Series C financing, achieving a valuation of $1.125 billion. The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from new investors SoftBank Vision Fund 2 and Activant, alongside existing investors. This follows a $50M Series B extension in May 2024, bringing total capital raised to $272 million.

The company's platform, used by major companies like Coinbase, Databricks, and GitLab, has seen significant growth with automated actions more than tripling over the past year, now exceeding one billion tasks automated weekly. Tines recently launched native AI features and Workbench, a generative AI chat interface. The funding will be used to accelerate product innovation, focusing on connecting AI software and LLMs with enterprise data systems while maintaining security compliance.

Trackunit, a global leader in construction software and contech solutions, has secured new investment from Goldman Sachs Alternatives. Current majority stakeholder Hg will continue to reinvest in the company. Goldman Sachs previously owned Trackunit from 2015 to 2021 before Hg's acquisition.

Trackunit provides a verticalized operating data platform with IoT connectivity solutions, serving equipment manufacturers, rental companies, and contractors across the global construction ecosystem. The company employs approximately 400 people and offers data-driven insights through an industry-leading data lake.

The partnership aims to accelerate Trackunit's growth, enhance product development, and expand its global operations. The transaction is expected to close in early Summer 2025.

Trackunit, a leading SaaS and operating data platform provider for the construction sector, has announced that Goldman Sachs Alternatives will acquire a majority stake in the company from Hg and GRO Capital. Hg will reinvest in the business, demonstrating confidence in Trackunit's growth trajectory.

Founded in 2003 in Denmark, Trackunit specializes in connecting construction equipment to the cloud through its verticalized operating data platform. The company serves over 5,000 customers across the construction value chain and employs approximately 400 people. Their solutions enhance operational efficiency and reduce downtime for equipment manufacturers, rental companies, contractors, and ecosystem tech partners.

This marks Goldman Sachs Alternatives' second investment in Trackunit, having previously owned a majority stake from 2015 to 2021. The transaction, expected to close in early summer, aims to accelerate Trackunit's growth, product development, and global expansion while maintaining its mission to eliminate downtime in construction.

GridStor has acquired a 150 MW / 300 MWh battery storage project in Texas from Balanced Rock Power (BRP). The project, located in Hidalgo County, is expected to be operational by summer 2026 and will create over 100 construction jobs. This acquisition comes as ERCOT forecasts a 50% increase in Texas's peak load by 2030, driven by growing power demand from industrial customers.

The project aims to enhance the resilience of the Lower Rio Grande Valley region's power system and support economic growth in Gulf Coast industry sectors. This marks GridStor's fourth project acquisition in 12 months and second transaction with BRP. Their previous acquisition from BRP, the Hidden Lakes project, is under construction and scheduled to come online this summer.

Goldman Sachs Alternatives and Dalfen Industrial have expanded their partnership through the acquisition of a 21-building logistics portfolio spanning 2.1 million square feet. The off-market deal includes strategic assets across Dallas, Las Vegas, Cincinnati, and Pennsylvania. The portfolio, which is 92% leased to 68 tenants including Amazon, Red Bull, and Packaging of America, was acquired below replacement cost.

The partnership between Dalfen Industrial and Goldman Sachs now encompasses 94 buildings and 19 million square feet in major U.S. markets. The acquisition aligns with their strategy to invest in assets benefiting from e-commerce growth, onshoring, and supply chain disaggregation in locations with favorable consumer and labor market dynamics.

GridStor, a developer of utility-scale battery energy storage systems, has acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG). The acquisition aims to address rising power demands from residential and industrial customers in the region.

This marks GridStor's third acquisition in the past year. The company, backed by Goldman Sachs Asset Management, develops and operates battery facilities integrated with American power infrastructure to store and deliver electricity during peak demand periods.

The project comes at a important time for Arizona as utilities project increasing capacity needs. GridStor's CEO Chris Taylor emphasized that battery storage provides a scalable, near-term solution to power historic load growth in the state, while supporting grid stability during peak demand hours.

GridStor has acquired a 200 MW / 800 MWh battery storage project in Oklahoma from Black Mountain Energy Storage (BMES). The project will be developed in two phases and aims to address the Southwest Power Pool's (SPP) urgent need for new power resources by 2030.

The acquisition is strategically positioned in Eastern Oklahoma, where multiple data centers are operating and developing, creating increased demands on regional power infrastructure. The project will enhance grid resilience and ensure reliable power supply through participation in the SPP-managed electricity market.

This marks GridStor's second acquisition in the past year. The company, backed by Goldman Sachs Asset Management, develops and operates battery facilities integrated with American power infrastructure, focusing on regions with growing energy demand and increasing grid reliability needs.

Goldman Sachs BDC (NYSE: GSBD) has announced it will release its fourth quarter and fiscal year 2024 financial results after market close on Thursday, February 27, 2025. The company will host an earnings conference call on Friday, February 28, 2025 at 9:00 am Eastern Time.

The earnings call will be accessible via telephone and audio webcast through the Investor Resources section of GSBD's website. Listen-only participants can dial (800) 289-0459 (domestic) or +1 (929) 477-0443 (international) with Conference ID 427709. Q&A participants should use (866) 575-6539 (domestic) or +1 (929) 477-0448 (international) with Conference ID 6703057.