Goldman Sachs Group Inc Stock Price, News & Analysis

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.

Goldman Sachs (NYSE:GS) has recognized Dr. Jonathan Leary, Founder and CEO of Remedy Place, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Remedy Place, the world's first Social Wellness Club®, operates in New York and Los Angeles, aiming to revolutionize the $10+ trillion healthcare industry.

Dr. Leary's vision extends beyond flagship locations, focusing on in-club events, off-site activations, product collections, and education to broaden access to social wellness. The summit, in its 13th year, brings together high-growth company leaders and features sessions led by seasoned entrepreneurs, academics, and business leaders.

David Solomon, Chairman and CEO of Goldman Sachs, praised Dr. Leary's impressive business growth and scale. Dr. Leary expressed his honor at being recognized among this exceptional group of entrepreneurs shaping various industries.

Goldman Sachs (NYSE: GS) has recognized Michael D. Ratner, Founder and CEO of OBB Media, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit. Ratner, who launched OBB Media in 2016, has led the company through significant growth, creating an audience of billions. OBB Media is a vertically integrated content studio with six subsidiaries, including a 15,000 sq. foot production facility in Hollywood.

Ratner has produced critically acclaimed content, including documentaries focusing on mental health awareness. He received a Grammy nomination for "Justin Bieber: Our World" and has worked on projects with Demi Lovato and Hailey Bieber. Recently, Ratner was awarded the Project Healthy Minds Storyteller of the Year Award for destigmatizing mental health in pop culture.

This marks the second consecutive year Ratner has been honored by Goldman Sachs. The Builders and Innovators Summit, now in its 13th year, brings together founders and CEOs of high-growth companies for general sessions and clinics led by experienced entrepreneurs and business leaders.

Goldman Sachs (NYSE: GS) has recognized Michael D. Ratner, Founder and CEO of OBB Media, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit. This marks Ratner's second consecutive year on the list. OBB Media, founded in 2016, is a vertically integrated content studio that has experienced rapid growth, reaching billions of viewers.

Ratner oversees all six verticals of OBB Media, including OBB Studios, a 15,000 sq. foot production facility in Hollywood. He has created and produced numerous successful films and TV shows, receiving a Grammy nomination and fostering dialogue on mental health awareness. Recent projects include the Netflix film 'Mountain Queen' and partnerships with celebrities like Hailey Bieber.

The Goldman Sachs Builders and Innovators Summit, now in its 13th year, brings together founders and CEOs of high-growth companies for general sessions and clinics led by seasoned entrepreneurs, academics, and business leaders.

Goldman Sachs (NYSE: GS) has recognized Michael D. Ratner, Founder and CEO of OBB Media, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. This marks his second consecutive year receiving this honor. Ratner founded OBB Media in 2016, growing it into a vertically integrated content studio that has reached billions of viewers. His notable works include Grammy-nominated 'Justin Bieber: Our World' and mental health documentaries like 'Demi Lovato: Dancing with the Devil'. He also partnered with Hailey Bieber on rhode beauty brand and recently received the Project Healthy Minds Storyteller of the Year Award.

Goldman Sachs (NYSE:GS) has recognized Restaurant365 CEO and Co-Founder Tony Smith as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Smith's career focuses on using software to solve business issues in the restaurant industry. At Restaurant365, he has developed an integrated back-office restaurant management platform that unifies accounting, inventory, payroll, and HR.

Smith expressed honor at the recognition, crediting his team and partnerships with restaurant operators. David Solomon, Chairman and CEO of Goldman Sachs, praised Smith's impressive business growth. The Builders and Innovators Summit, now in its 13th year, is a gathering for Founders and CEOs of high-growth companies, featuring sessions led by seasoned entrepreneurs, academics, and business leaders.