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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 its Q3 2022 results, with net investment income per share at $0.60, adjusted to $0.56 when excluding purchase discount amortization. Despite a total investment income increase to $95.2 million, earnings per share fell to $(0.07). The net asset value per share decreased by 3.3% to $15.02, and the debt-to-equity ratio rose to 1.34x. The Board declared a quarterly dividend of $0.45 per share.
Net originations reached $205.3 million, with a portfolio valued at $4.054 billion, primarily in senior secured debt.
Goldman Sachs BDC, Inc. (GSBD) announced it will release its third-quarter financial results for the period ending September 30, 2022, after market close on November 3, 2022. An earnings conference call is scheduled for November 4, 2022, at 9:00 AM ET, where participants can join via telephone or audio webcast. GS BDC is regulated as a business development company and focuses on investing in middle-market companies in the U.S. It is managed by Goldman Sachs Asset Management and primarily targets secured and unsecured debt as well as select equity investments.
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.
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.
Goldman Sachs BDC, Inc. (GSBD) reported its first-quarter results for 2022, with net investment income per share at $0.49, adjusted to $0.45 after accounting for purchase discount amortization. The Company declared a dividend of $0.45 per share for the second quarter. Total investments at fair value reached $3.93 billion, with a net asset value per share of $15.80. New investment commitments totaled $131.7 million, but total investment income declined to $78.3 million from $83.8 million. Notably, net realized and unrealized losses amounted to $9.8 million.
Goldman Sachs BDC, Inc. (NYSE: GSBD) announced that it will report its Q1 financial results for the period ending March 31, 2022, after market close on May 5, 2022. An earnings conference call is scheduled for May 6, 2022, at 9:00 AM ET. Interested parties can participate via telephone or audio webcast on GS BDC’s website. The company, regulated as a business development company, primarily invests in middle-market companies and aims to generate current income through various types of debt and equity investments.
Goldman Sachs BDC reported Q4 2021 financials with a net investment income per share of $0.56 and adjusted net investment income per share of $0.48, reflecting a 12.1% annualized yield. Earnings per share were $0.38. A first-quarter dividend of $0.45 was declared. The company’s net asset value per share decreased slightly by 0.4% to $15.86. New investment commitments totaled $722.9 million, while total investments at fair value reached $3.92 billion. The net debt to equity ratio increased to 1.14x from 0.91x, indicating rising leverage.
Goldman Sachs BDC, Inc. (NYSE: GSBD) will report its fourth quarter and fiscal year results on February 24, 2022, after market close. An earnings conference call is scheduled for February 25, 2022, at 9:00 am ET to discuss these results. Interested parties may join via telephone or audio webcast available on the company's website. The call will include access details for both domestic and international participants. GS BDC, a specialty finance company, primarily invests in middle-market companies in the U.S., focusing on secured and unsecured debt.
Goldman Sachs BDC, Inc. (NYSE: GSBD) announced the appointment of Alex Chi and David Miller as co-CEOs and co-Presidents, effective March 2022. They succeed Brendan McGovern, who will retire after a 15-year tenure. Both Chi and Miller bring extensive experience from Goldman Sachs, with a combined 40 years in private credit investing. Their leadership is expected to further the firm's strategy in middle market corporate credit investments, aiming to enhance shareholder value through capital appreciation and income generation.
Goldman Sachs BDC, Inc. (GSBD) reported its Q3 2021 financial results, showing a net investment income per share of $0.63. Excluding merger-related amortization, the adjusted net investment income per share was $0.48, yielding an annualized net investment income of 12.1%. The company declared a fourth quarter dividend of $0.45 per share, payable January 27, 2022. However, its net asset value decreased by 0.8% to $15.92. Total investment income rose to $96.7 million, while expenses increased to $32.0 million.
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