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Goldman Sachs BDC, Inc. (GSBD) is a non-diversified, closed-end management investment company that has chosen to be regulated as a business development company (BDC). Its primary focus is on lending to middle-market companies in the United States, aiming to create current income and, to a lesser extent, capital appreciation. The company primarily achieves this through direct originations of secured debt, including first lien, unitranche, and second lien debt, as well as unsecured debt.
Goldman Sachs BDC, Inc. invests predominantly in U.S. middle-market companies, such as banks and those involved in public debt markets. A key aspect of its origination strategy is leading the negotiation and structuring of loans or securities in which it invests, with the intention of holding these investments until maturity. This allows GSBD to generate most of its revenue from interest income and dividend income.
Historically, GSBD has demonstrated a strong ability to identify and invest in opportunities that provide stable returns for its shareholders. The company's robust portfolio management and strategic approach enable it to maintain a diverse range of investments, which helps mitigate risks and enhance overall returns.
Recently, GSBD has been actively involved in several significant projects and partnerships, further consolidating its position as a key player in the middle-market lending space. The company's commitment to prudent financial management and strategic investments continues to drive its success and stability in the financial markets.
- Core Business: Lending to U.S. middle-market companies
- Investment Strategy: Direct originations of secured and unsecured debt
- Revenue Streams: Interest income and dividend income
- Portfolio Management: Focus on holding investments to maturity
Goldman Sachs BDC, Inc. remains dedicated to generating consistent returns for its investors while supporting the growth and development of middle-market enterprises. Its strategic approach and solid financial foundation make it a noteworthy entity in the investment landscape.
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 BDC, Inc. (NYSE: GSBD) has announced its schedule for releasing third quarter 2024 financial results. The company will report its results for the quarter ended September 30, 2024, after market close on Thursday, November 7, 2024. Following this, GS BDC will host an earnings conference call on Friday, November 8, 2024, at 9:00 am Eastern Time to discuss the financial results.
Interested parties can participate via telephone or audio webcast, which will be available on the Investor Resources section of GS BDC's website. The company has provided separate dial-in numbers for listen-only callers and Q&A participants, both domestic and international. Participants are advised to dial in 10-15 minutes before the call starts. An archived replay of the call will be accessible through the company's website.
Goldman Sachs BDC (NYSE: GSBD) reported its Q2 2024 financial results, showing net investment income per share at $0.59 and an adjusted net investment income per share of $0.57. Earnings per share were $(0.47), with a 6% decrease in NAV per share to $13.67. Total investments at fair value were $3.998 billion, with a portfolio primarily comprised of senior secured debt (98%). Gross originations were $440 million, with net funded investment activity of $180.1 million. Two portfolio companies were placed on non-accrual status, representing 3.4% of the portfolio at fair value. The net debt-to-equity ratio increased to 1.19x. The Board declared a quarterly dividend of $0.45 per share, payable on October 28, 2024. During the quarter, GSBD raised approx. $69.2 million through share issuance. The total investment income decreased to $108.6 million, primarily due to investments on non-accrual status. Net realized and unrealized losses were $121.4 million.
Goldman Sachs BDC (NYSE: GSBD) announced it will report its financial results for the second quarter ending June 30, 2024, after the market closes on August 8, 2024. The company will host an earnings conference call the next day, August 9, 2024, at 9:00 am Eastern Time to discuss these results. Interested parties can participate via telephone or an audio webcast available on the Investor Resources section of the GS BDC website. Domestic listeners can dial (800) 289-0459, while international callers should use +1 (929) 477-0443, referencing conference ID 427709 for listen-only access. For Q&A participation, domestic callers can dial (866) 575-6539 and international callers can use +1 (929) 477-0448, referencing conference ID 2384559. An archived replay will be available on the same website link.
Goldman Sachs BDC, Inc. reported strong financial results for the first quarter of 2024, with net investment income per share of $0.55 and adjusted net investment income per share of $0.54. Earnings per share were $0.39, and the net asset value per share decreased slightly to $14.55. The company's investment portfolio comprised mainly of senior secured debt, with total investments at fair value and commitments amounting to $3,954.8 million. The Company also declared a quarterly dividend of $0.45 per share and closed a public offering of $400.0 million aggregate principal amount of unsecured notes due 2027. Despite some investments on non-accrual status, the Company's financial position remains strong.
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