Goldman Sachs Group Inc Stock Price, News & Analysis

GridStor (GS) executed a tolling agreement with a Fortune 500 company and began construction of the Gunnar Reliability Project, a 150 MW / 300 MWh battery energy storage facility in Hidalgo County, Texas. The project is expected to begin operations by end of 2026.

GridStor said the facility will support over 100 construction jobs, increase resilience in the Lower Rio Grande Valley and provide energy equivalent to serving 95,000 average Texas households during peak hours. This will be GridStor’s second operating Texas BESS after the 220 MW Hidden Lakes project; the company manages a pipeline of over 3 GW in later-stage development or construction.

Harness announced a $240M Series E on Dec 11, 2025, including a $200M investment led by Goldman Sachs Alternatives (GS) and a planned $40M tender offer with IVP, Menlo Ventures, and Unusual Ventures, valuing Harness at $5.5B. The company will use proceeds to accelerate Harness AI, platform expansion, and global go-to-market.

Harness reports being on track to exceed $250M ARR in 2025 with >50% YoY growth, serving 1,000+ enterprise customers, powering 128M deployments and 81M builds in the last 12 months, and operating a 1,200+ employee team across 14 offices.

Walker & Dunlop arranged a >$250 million structured financing package to develop 22 Fulton, a 396-unit mixed-income, 21-story multifamily project in Newark, NJ, within a Qualified Opportunity Zone.

Key finance components: nearly $119M from the Urban Investment Group at Goldman Sachs Alternatives (construction loan, 4% LIHTC equity and LIHTC bridge), $20M preferred equity, and a $100M forward commitment for a permanent loan. The project uses $90M NJ ASPIRE tax credits (purchased by MassMutual with interim financing from Bear Creek Capital) and a 30-year Newark PILOT. Construction starts in coming months with projected completion by end of 2028.

Willow Wealth (CG) launched direct access to three evergreen private markets funds from Carlyle (CG), Goldman Sachs Asset Management (GS), and StepStone (STEP), offering investors curated exposure to private credit, private equity, and real estate. The three funds collectively represent $11.7 billion in assets under management as of September 30, 2025, and sit within a broader evergreen fund market of more than $180 billion.

Willow Wealth positions these funds as fully deployed portfolios with a structure providing periodic liquidity, available now to accredited investors on its platform, with additional funds expected in coming months.

Federato announced a $100 million Series D round on November 18, 2025 led by Growth Equity at Goldman Sachs (NYSE:GS) Alternatives with participation from Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC.

The company said it has tripled revenues in the last year since its $40M Series C under twelve months ago and has now raised over $180 million to fund product innovation and global expansion focused on its AI-native insurance platform and agentic AI capabilities.

GridStor (NYSE:GS) on November 12, 2025 named Spencer Mash as Senior Vice President of Finance and Head of Capital Markets to lead financing for its battery storage portfolio. Mash has 20+ years in capital management, including co-founding Greenbacker Renewable Energy Company, which managed 3.5 GW of clean energy and $3.4 billion in assets. Backed by Goldman Sachs Asset Management, GridStor holds a portfolio of more than 3 GW of battery energy storage projects across later-stage development, construction, and operations. Mash will structure capital solutions, manage lender/investor relationships, and oversee due diligence to support growth.

Goldman Sachs BDC (NYSE: GS) reported Q3 results for the quarter ended September 30, 2025, with net investment income per share of $0.40 (annualized yield on book value of 12.5%) and GAAP EPS of $0.22. NAV per share fell 2.1% to $12.75. Total investments at fair value and commitments were $3,833.2 million across 171 companies, 98.2% in senior secured debt. The board declared a Q4 base dividend of $0.32 and a Q3 supplemental dividend of $0.04. The company repurchased 2.14M shares for $25.1M under a $75M 10b5-1 plan.

Ending net debt-to-equity was 1.17x; investments on non-accrual were 1.5% of fair value.

MoEngage (GS) announced a $100 million investment led by Goldman Sachs Alternatives and A91 Partners on November 5, 2025, taking total funding to more than $250 million. The company said its North America business doubled over the past year and now contributes the largest share of revenue.

The round will fund expansion of Merlin AI (AI Agents for offer and campaign decisioning), go-to-market and customer success hires in North America and EMEA, and platform innovation. The release cites performance examples: Glance cut campaign go-live times by 50%, and SoundCloud migrated > 120 million users in 12 weeks. MoEngage reported > 300 enterprise customers worldwide and emphasized momentum beyond legacy marketing clouds.

Armis announced a $435 million pre-IPO funding round that values the company at $6.1 billion. The round was led by Growth Equity at Goldman Sachs Alternatives with major participation from CapitalG and new investor Evolution Equity Partners.

Armis reported surpassing $300 million ARR with growth of >50% and said it is executing a three-year plan to reach $1 billion ARR while preparing for an initial public offering. The company cited three M&A deals over the past two years that have expanded cloud, AI, and operational technology security capabilities and are producing "millions in incremental revenue."