Goldman Sachs Group Inc Stock Price, News & Analysis

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Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its first quarter 2023 financial results on May 4, 2023, after market close. An earnings conference call will be hosted on May 5, 2023, at 9:00 AM ET. Participation options include telephone and audio webcast through the company's website. The company primarily invests in middle-market companies in the U.S. through secured debt, mezzanine debt, and select equity investments, aiming for current income and capital appreciation. Goldman Sachs BDC is externally managed by Goldman Sachs Asset Management.

Goldman Sachs has announced that its initiative, One Million Black Women, has allocated over $2.1 billion in investment capital and $23 million in philanthropic funding to 137 organizations in a bid to empower Black women economically. Launched two years ago, the initiative aims to reach one million Black women by 2030, positively influencing over 215,000 lives across various sectors, including healthcare and education. Key stakeholders, including Secretary of Commerce Gina Raimondo, have highlighted the initiative's role in fostering digital equity and economic access.

Goldman Sachs Asset Management reported the outcomes of the Goldman Sachs MLP and Energy Renaissance Fund’s annual shareholder meeting, held on March 23, 2023. Shareholders elected Linda A. Lang and James A. McNamara as Class II Trustees. The Fund focuses on generating high total returns with significant emphasis on current distributions, primarily investing in midstream MLP and energy sector assets. The Fund trades on the NYSE since September 26, 2014, and as of December 31, 2022, Goldman Sachs Asset Management oversees over $2 trillion in assets. Investors are reminded of risks related to potential NAV discounts and other investment risks.

LOS ANGELES – MACRO, a multi-platform media company founded by Charles D. King, announced a successful completion of a minority investment exceeding $90 million. The investment round was led by BlackRock Alternatives through the BlackRock Impact Opportunities Fund, with participation from Goldman Sachs Asset Management and HarbourView Equity Partners. The funds will be allocated to scale operations, diversify revenue streams, and enhance MACRO’s business verticals. King emphasized the company's commitment to increasing representation of people of color in media and entertainment.

Goldman Sachs BDC, Inc. (NYSE: GSBD) has priced an offering of 6,500,000 shares of common stock, aiming to raise approximately $99.1 million. The underwriters have the option to purchase an additional 975,000 shares. The proceeds are intended to repay a portion of the Company’s outstanding debt under its revolving credit facility, with plans to reinvest via reborrowings. The offering is expected to close on or around March 9, 2023, and is subject to customary closing conditions.

The offering is managed by BofA Securities, Morgan Stanley, and Goldman Sachs & Co. LLC.

Goldman Sachs BDC, Inc. (NYSE: GSBD) announced a planned offering of 6.5 million shares of its common stock, with an option for underwriters to buy an additional 975,000 shares. The offering aims to repay part of its outstanding debt under the revolving credit facility, enabling new investments aligned with its strategies. The completion of the offering depends on market conditions. BofA Securities, Morgan Stanley, and Goldman Sachs & Co. LLC are the joint book-running managers for this offering. Investors are encouraged to review the preliminary prospectus for detailed investment risks.

Bitwise Industries announces an $80 million investment led by Kapor Center and Motley Fool, with participation from Goldman Sachs Asset Management and Citibank. This funding aims to enhance economic transformation in underserved cities through Salesforce managed services, DocuSign, and Digital Product Development. The company is expanding to Chicago's South Side, supported by the Comer Science & Education Foundation. Bitwise has created over 15,000 jobs and renovated 1M square feet of vacant spaces, significantly boosting local economies. Goldman Sachs emphasizes the importance of closing talent gaps to foster economic opportunities for underserved communities.