Goldman Sachs Group Inc Stock Price, News & Analysis

Goldman Sachs BDC (NYSE: GSBD) has announced it will release its fourth quarter and fiscal year 2024 financial results after market close on Thursday, February 27, 2025. The company will host an earnings conference call on Friday, February 28, 2025 at 9:00 am Eastern Time.

The earnings call will be accessible via telephone and audio webcast through the Investor Resources section of GSBD's website. Listen-only participants can dial (800) 289-0459 (domestic) or +1 (929) 477-0443 (international) with Conference ID 427709. Q&A participants should use (866) 575-6539 (domestic) or +1 (929) 477-0448 (international) with Conference ID 6703057.

CIS has secured a second tranche of private financing from Goldman Sachs Alternatives' Urban Investment Group (UIG) to expand stormwater infrastructure in Greater Milwaukee. The funding will support the Fresh Coast Protection Partnership (FCPP) with Milwaukee Metropolitan Sewerage District (MMSD), targeting the management of 11.5 million gallons of stormwater runoff.

The initiative has already delivered or is working on eighteen green infrastructure projects across Milwaukee, with 93% on private properties and nearly 50% in low-to-moderate income areas. Notable achievements include 46% of work led by local, small, women-, minority-, and veteran-owned businesses. A key project example is Davidson Park at Harley-Davidson headquarters, which can capture 225,000 gallons of stormwater per rain event.

The partnership aligns with MMSD's 2035 Vision targeting 740 million gallons storage capacity, of which over 100 million gallons has been achieved, with CIS contributing more than 10% in the past five years.

Float Financial, a Canadian business finance platform, has secured a CAD $70 million Series B financing round led by Growth Equity at Goldman Sachs Alternatives, with participation from OMERS Ventures, FJ Labs, Teralys, and Garage Capital. This funding, combined with a CAD $50 million credit facility announced in February 2024, brings total funding to over CAD $120 million in the past year.

Since their November 2021 Series A, Float has achieved remarkable growth metrics: 45x growth in total payment volume, 50x revenue growth, 30x increase in assets under management, and 140x expansion in credit issuance. The company serves 4,000 businesses, including prominent brands like Jane Software, LumiQ, and Knix.

Float plans to use the new capital to expand its product suite, attract talent, and strengthen its leadership in the Canadian market. The company offers expense management software, corporate cards in CAD and USD, high-yield accounts, and next-day fund transfers.

Ontario Teachers' Pension Plan has made an investment in Omega Healthcare Management Services, joining Goldman Sachs Alternatives as co-lead investors. Omega, founded in 2003, is a technology-enabled healthcare management solutions provider with approximately 35,000 employees across 14 delivery centers in the US, India, Colombia, and the Philippines.

The company specializes in helping healthcare institutions improve financial performance and patient care through technology-enabled and clinically-led solutions. Goldman Sachs Alternatives has been an investor in Omega since 2019. The partnership aims to accelerate Omega's growth and strengthen its market position, particularly in Provider, Payer, and Pharma markets. Financial terms were not disclosed.

Goldman Sachs Asset Management has announced the liquidation of three ETFs: the Goldman Sachs Bloomberg Clean Energy Equity ETF, North American Pipelines & Power Equity ETF, and Future Real Estate and Infrastructure Equity ETF. The liquidation process begins immediately following board approval. Trading will cease on January 10, 2025, with final liquidation expected around January 17, 2025.

Shareholders can sell their shares on the respective exchanges (Cboe BZX and NYSE Arca) until market close on January 10, 2025. Those holding shares until the liquidation date will receive cash equal to the net asset value. The funds will stop accepting creation orders from Authorized Participants on January 10, 2025. Goldman Sachs Asset Management currently oversees approximately $3.1 trillion in assets under supervision as of September 30, 2024.

Spectro Cloud has secured a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives. The company, specializing in multi-cluster Kubernetes management, has achieved triple-digit Annual Recurring Revenue (ARR) growth for three consecutive years. The funding will support product innovation, particularly in edge computing, enhance customer experience, and expand partnerships. The company's Palette platform serves various industries including technology, manufacturing, retail, healthcare, and defense, helping organizations manage Kubernetes deployments across data centers, cloud, and edge environments.

Goldman Sachs BDC reported Q3 2024 financial results with net investment income of $0.58 per share. The company's NAV per share decreased 1.0% to $13.54 from $13.67 in the previous quarter. Total investments at fair value were $4,017.5 million across 167 portfolio companies. The investment portfolio consisted of 97.6% senior secured debt. The company had gross originations of $376.6 million and declared a quarterly dividend of $0.45 per share. Total investment income was $110.4 million, up from $108.6 million in the previous quarter. The company's net debt-to-equity ratio stood at 1.16x.

Goldman Sachs (NYSE:GS) has recognized Sheldon Kimber, CEO and Founder of Intersect Power, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Kimber leads Intersect Power, a clean energy company that develops, owns, and operates large-scale clean energy resources.

Under Kimber's leadership, Intersect has developed 4 GW of total renewable capacity and owns and operates a portfolio of 2.2 GW of operating solar PV and 2.4 GWh of battery storage in operation or construction. The recognition highlights Intersect Power's contributions to the clean energy sector and its potential for future growth.

The Goldman Sachs Builders and Innovators Summit, now in its 13th year, is a gathering for Founders and CEOs of high-growth companies, featuring sessions led by experienced entrepreneurs, academics, and business leaders.

6sense CEO Jason Zintak has been recognized by Goldman Sachs (NYSE:GS) as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. This marks the second time Zintak has received this honor from Goldman Sachs.

Zintak, known for his success in scaling marketing and sales teams in growth-stage B2B software companies, has been instrumental in 6sense's growth. The company specializes in AI-driven B2B revenue generation.

The Goldman Sachs Builders and Innovators Summit, now in its 13th year, is a prestigious gathering for Founders and CEOs of high-growth companies. The event features sessions led by experienced entrepreneurs, academics, and business leaders.

David Solomon, Chairman and CEO of Goldman Sachs, praised Zintak for building an impressive, scalable business. Zintak attributes this recognition to his team's commitment to innovation and their use of AI to anticipate industry shifts and deliver solutions for predictable pipeline and revenue growth.