Goldman Sachs Group Inc Stock Price, News & Analysis

GridStor, backed by Goldman Sachs Asset Management, has appointed Lance Titus as Chief Commercial Officer (CCO) to lead the company's power marketing and trading strategy. Titus brings over 30 years of experience in commodities trading and has executed transactions worth over $20 billion, including contracted offtake of over 4 GWs of power supply.

In his new role, Titus will oversee GridStor's power marketing, origination, trading, and market analytics functions, managing a portfolio of more than 3 GW of battery energy storage projects. His appointment strengthens GridStor's position in delivering energy storage solutions to utilities, data centers, and power retailing customers across North America.

Avista Healthcare Partners has successfully closed a single-asset continuation fund for GCM, a manufacturer of complex precision components for medical technology markets. The fund, Avista Healthcare Partners CV II, L.P., is led by Goldman Sachs Alternatives with additional investments from BlackRock Secondaries & Liquidity Solutions.

Since Avista's acquisition in 2019, GCM has more than doubled its revenue through expansion of manufacturing and commercial capabilities. The continuation fund includes substantial unfunded capital commitments to support future acquisitions and strategic investments. The transaction provides existing investors with options for liquidity or continued participation in GCM's growth strategy.

Conquest Planning has secured an $80 million USD Series B funding round led by Growth Equity at Goldman Sachs Alternatives, bringing total funding to over $100 million USD. The AI-powered financial planning platform will use the capital to accelerate US expansion and enhance its Strategic Advice Manager (SAM) technology. The round included new investors Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, and USAA, with participation from existing investors BNY and Portage. Conquest's platform, serving over 1,000 financial organizations including RBC and Raymond James, has created nearly 1.5 million financial plans. The company's technology enables personalized financial planning at scale, with new features like SAM Bytes for self-directed investors and enhanced estate planning capabilities. Currently dominating 60% of the Canadian financial advisor market, Conquest is expanding into the US and UK markets.

Goldman Sachs Asset Management announced the liquidation of two ETFs: the Future Consumer Equity ETF and Future Planet Equity ETF. The liquidation process begins immediately following board approval, with final trading on NYSE Arca set for July 18, 2025. Shareholders can sell their shares until market close on July 18, 2025, or wait for the liquidating distribution around July 25, 2025. The funds will stop accepting creation orders from Authorized Participants on July 18. GSAM, which oversees more than $3.20 trillion in assets under supervision as of March 31, 2025, made this decision as part of their investment management strategy. Shareholders who hold until liquidation will receive cash equal to their shares' net asset value.

Metiri Group, a leading environmental testing solutions provider, has appointed Julie R. Smith as permanent CEO, effective immediately, following her interim role since October 2024. Smith succeeds Cabot Earle, who transitions to Founder & Chief Strategy Officer focusing on M&A initiatives. The leadership restructuring completes Metiri Group's executive team, with Ronald Markle as CFO and Sally Cummins as CCO. Smith brings decades of leadership experience from organizations like Homewatch CareGivers, Lincoln Educational Services, and The Princeton Review. In her role, she will focus on strengthening client relationships, driving organic and M&A growth, and transforming the company's approach to environmental testing partnerships. The appointment received strong endorsement from Goldman Sachs Alternatives' Eddie Sigman, highlighting Smith's proven track record in multi-site service companies.

Simetrik, an AI reconciliation platform, has secured an additional $30 million investment led by Goldman Sachs Alternatives, bringing its Series B total to $85 million. The company's no-code platform processes over 1 billion records daily across 40+ countries, automating 100% of reconciliation workflows. The funding will accelerate Simetrik's U.S. expansion and growth in regulated markets. The company serves major clients including Stax Payments, Santander Group, and Sephora, achieving 100% year-over-year revenue growth. Hillel Moerman from Goldman Sachs has joined Simetrik's board, while other Series B investors include Cometa, FinTech Collective, Moore Capital Management, Monashees, and Upload Ventures.

Goldman Sachs Asset Management has announced the final liquidating distribution of $0.291 per common share for the Goldman Sachs MLP and Energy Renaissance Fund. The distribution, which will be paid entirely in cash, is scheduled for June 3, 2025, and will be available to shareholders of record as of July 10, 2023. This distribution represents the Fund's remaining assets after settling all liabilities and obligations, following the Fund's Plan of Liquidation and Dissolution announced on June 7, 2023. Shareholders are advised to consult tax advisors regarding potential tax implications of the liquidation proceeds.

Bestow Inc., an insurance technology company, has secured a $120 million oversubscribed Series D funding round, co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. The company also obtained a $50 million credit facility from TriplePoint Capital. Bestow demonstrated remarkable growth, tripling revenue in 2024 and achieving 10x growth over two years, while maintaining a 100% customer retention rate and recording a 245% year-over-year increase in transaction volume. Following its 2024 divestiture of Bestow Life Insurance Company to Sammons Financial Group, the company now focuses exclusively on its enterprise platform for life insurance and annuities. The funding will support new product development and platform expansion, with partnerships including major insurers like Nationwide, Transamerica, and USAA.

Goldman Sachs BDC (NYSE: GSBD) reported its Q1 2025 financial results, announcing a reduced base quarterly dividend of $0.32 per share, along with a special dividend of $0.16 per share and a supplemental dividend of $0.05 per share. The company's net investment income was $0.42 per share, with adjusted net investment income at $0.41 per share. Net asset value (NAV) decreased 1.6% to $13.20 from $13.41 in the previous quarter.

The investment portfolio, valued at $3.86 billion, comprised investments in 163 portfolio companies across 38 industries, with 97.5% in senior secured debt. Two positions were placed on non-accrual status during the quarter, while one was restored. The company's net debt-to-equity ratio stood at 1.16x, with 48% of its $1.87 billion debt being unsecured.