Goldman Sachs Group Inc Stock Price, News & Analysis

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.

Goldman Sachs BDC, Inc. (GSBD) reported financial results for Q4 and FY 2022, announcing a net investment income of $0.66 per share, with an adjusted yield of 17.8%. The earnings per share for the quarter was $0.04, while net asset value per share decreased by 2.7% to $14.61. Total investments at fair value were $3.88 billion with a significant majority in senior secured debt (97.6%). A regular dividend of $0.45 per share has been declared for Q1 2023. Notably, net expenses rose to $36.9 million, influenced by increased interest rates.

The Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.220 per common share, a 10% increase from the previous quarter. This distribution is payable on February 28, 2023, with the ex-date on February 21 and record date on February 22. A portion of this distribution may be treated as a return of capital for tax purposes, with final determinations made in 2023. Portfolio Manager Kyri Loupis emphasized the commitment to return income to shareholders. The Fund focuses on master limited partnerships and energy investments, seeking high total returns.

Star Mountain Capital has appointed George Mattson as President, a newly created position, to enhance its growth and performance. Mattson, a former partner at Goldman Sachs with 35 years of experience, will also serve on the firm's Investment and Executive Committees. With approximately $3.5 billion in assets under management, Star Mountain focuses on investments in established lower middle-market businesses. The firm has made about 200 direct investments since 2010, emphasizing the creation of jobs and economic development in North America.

Crux has reported significant growth and momentum in 2022, highlighted by $75M in contractual sales commitments and a remarkable annual recurring revenue (ARR) growth exceeding 260%. The company secured $50M in new venture funding, raising its total to $157M, led by Goldman Sachs and Two Sigma. By establishing over 260 partnerships with major data and cloud marketplaces, including Google, Crux's influence in external data technology continues to rise. Their newly introduced External Data Platform aims to democratize data integration, enhancing operational efficiency for clients worldwide.