Goldman Sachs Group Inc Stock Price, News & Analysis

Bestow Inc., an insurance technology company, has secured a $120 million oversubscribed Series D funding round, co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. The company also obtained a $50 million credit facility from TriplePoint Capital. Bestow demonstrated remarkable growth, tripling revenue in 2024 and achieving 10x growth over two years, while maintaining a 100% customer retention rate and recording a 245% year-over-year increase in transaction volume. Following its 2024 divestiture of Bestow Life Insurance Company to Sammons Financial Group, the company now focuses exclusively on its enterprise platform for life insurance and annuities. The funding will support new product development and platform expansion, with partnerships including major insurers like Nationwide, Transamerica, and USAA.

Goldman Sachs BDC (NYSE: GSBD) reported its Q1 2025 financial results, announcing a reduced base quarterly dividend of $0.32 per share, along with a special dividend of $0.16 per share and a supplemental dividend of $0.05 per share. The company's net investment income was $0.42 per share, with adjusted net investment income at $0.41 per share. Net asset value (NAV) decreased 1.6% to $13.20 from $13.41 in the previous quarter.

The investment portfolio, valued at $3.86 billion, comprised investments in 163 portfolio companies across 38 industries, with 97.5% in senior secured debt. Two positions were placed on non-accrual status during the quarter, while one was restored. The company's net debt-to-equity ratio stood at 1.16x, with 48% of its $1.87 billion debt being unsecured.

GridStor, a developer and operator of utility-scale battery energy storage systems, has appointed Daniel Dedrick as Chief Technology Officer (CTO). Dedrick, who joined the company in 2022 and previously served as Senior Vice President of EPC and Technical Operations, brings over 20 years of experience in power system engineering and technology development.

In his new role, Dedrick will report to CEO Chris Taylor and lead the company's technology strategy, overseeing technical operations for GridStor's battery energy storage systems portfolio, including transmission, interconnection, EPC, project operations, and asset management. Additionally, Tony Song has been promoted to Senior Vice President of EPC, expanding his responsibilities to include project construction activities.

Before joining GridStor, Dedrick led the EPC services and major equipment team at Clearway Energy Group, with experience managing over 3 GWh of energy storage facilities and 2 GW of solar power projects.

Goldman Sachs BDC (NYSE: GSBD) has announced it will release its first quarter 2025 financial results on Thursday, May 8, 2025, after market close. The company will host an earnings conference call on Friday, May 9, 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. Domestic listeners can dial (800) 289-0459, while international callers can use +1 (929) 477-0443 with Conference ID 427709 for listen-only mode. For Q&A participation, separate dial-in numbers are provided: (866) 575-6539 (domestic) and +1 (929) 477-0448 (international) with Conference ID 6621461.

Yieldstreet has announced the launch of Yieldstreet 360 Managed Portfolios, the first automated private markets investing solution. The platform aims to democratize access to private equity, private credit, and real estate investments through diversified portfolios tailored to individual investors' goals.

The launch comes as private markets have grown from $9.7 trillion in 2012 to $24.4 trillion in 2023. The solution will feature investments from Goldman Sachs Asset Management, Carlyle, and StepStone, with strategies advised by Wilshire. The platform addresses traditional barriers like high investment minimums and complex structures, offering automated investment management and real-time performance tracking.

Available to accredited investors later this year, Yieldstreet 360 will provide exposure to thousands of underlying assets through a single solution, with options ranging from income-focused to growth-oriented approaches.