Welcome to our dedicated page for Goldman Sachs Group news (Ticker: GS), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs Group stock.
Goldman Sachs Group Inc. (GS) is a global financial services leader specializing in investment banking, asset management, and institutional trading. This page serves as a comprehensive resource for tracking the company's official announcements, strategic initiatives, and market-moving developments.
Investors and professionals will find curated updates on earnings reports, mergers and acquisitions, regulatory filings, and leadership changes. The content collection enables users to monitor GS's responses to market trends, compliance updates, and competitive positioning within global finance.
All press releases and third-party analyses are organized chronologically to simplify trend identification. The resource prioritizes factual reporting on capital allocation strategies, client partnership expansions, and innovation in financial technologies.
Bookmark this page for convenient access to Goldman Sachs' latest developments and check back regularly for real-time updates that matter to your financial decision-making.
Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of
Goldman Sachs BDC, Inc. (GSBD) reported Q2 2022 financial results with net investment income per share of $0.49 and adjusted net investment income of $0.45, yielding an annualized return of 11.6%. The company declared a regular dividend of $0.45 per share. Total investments at fair value rose to $4.16 billion with net asset value per share declining to $15.53. The average net debt to equity ratio increased to 1.18x. Notable activity included $365.8 million in new investment commitments and a reduction in non-accrual investments to 0.4%. Earnings per share decreased to $0.18.
Performant Capital has created Provider Technology, LLC through the acquisitions of DavLong Business Solutions LLC and On Demand Solutions Inc. Both companies will continue to operate independently while sharing best practices. Goldman Sachs Asset Management provided financing for the acquisitions. Provider Technology aims to enhance technology capabilities and support services for over 3,000 medical providers in the U.S. The firm continues to seek additional acquisition opportunities to expand its services and geographic reach.
Lincoln Harris and Goldman Sachs Asset Management announced plans for the 24-story, 415,000-square-foot office tower, 600 South Tryon, in Uptown Charlotte, expected to complete by Q4 2024. This building will include 20,000 square feet of retail space and is already attracting tenants like the law firm Robinson Bradshaw, which has leased 102,000 square feet. The project is part of the Legacy Union development, which has seen over 1.5 million square feet built to date, showcasing innovative architecture and ESG features.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its second quarter financial results for the period ending June 30, 2022, after market close on August 4, 2022. An earnings conference call is scheduled for August 5, 2022, at 9:00 am ET. Interested parties can participate via telephone or an audio webcast on GS BDC’s website. The company, regulated as a business development company, focuses on investing in middle-market companies, generating income primarily through secured and unsecured debt investments.
Varagon Capital Partners has announced a strategic preferred equity investment from funds managed by Goldman Sachs Asset Management, aimed at supporting Varagon's lending growth and business expansion. Varagon, with approximately $15.1 billion in assets under management (AUM), focuses on senior loans to private equity-backed U.S. middle market companies. The firm anticipates increased growth in private equity transaction volumes, positioning itself strongly within the resilient lower middle market segment.
AlphaSense has raised $225 million in a Series D funding round led by Goldman Sachs and Viking Global Investors, increasing its valuation to $1.7 billion. The company has over 3,500 customers and impressive growth metrics, including more than $100 million in annual recurring revenue (ARR). User and customer bases both grew by over 100% in the past year. The funding aims to enhance product development and customer support. AlphaSense's AI-powered platform helps businesses make data-driven decisions efficiently.
Goldman Sachs Asset Management has launched the Goldman Sachs 529 Plan in partnership with Arizona's AZ529, Advisor Plan. The plan aims to enhance education saving services and will be managed by Ascensus College Savings Recordkeeping Services. It offers diversified investment options, including Year of Enrollment Portfolios and Target Risk Portfolios, and aims to help families meet long-term education funding needs. This strategic initiative has already garnered approval from the Arizona State Treasurer and Board of Investment for an initial 5-year agreement.
Recover, a leader in sustainable materials, announced a $100 million equity investment led by Goldman Sachs to enhance its global operations. The funding aims to boost production capacity to over 350,000 metric tons of recycled cotton fiber annually by 2026, significantly reducing environmental impacts. This partnership seeks to support major retailers like Primark and Inditex in their sustainability goals, effectively saving an estimated 5 trillion liters of water per year.
RippleMatch announced a successful $45 million Series B funding round led by Goldman Sachs Asset Management on June 8, 2022. The investment follows a year where RippleMatch expanded its user base threefold and facilitated hundreds of thousands of interviews for clients like SAP and Amazon. The platform aims to revolutionize recruitment for Gen Z by using automation to enhance candidate experience and increase diversity. RippleMatch plans to use the funds to triple placements, double its team size, and invest in new technology to support their rapid growth.
