Goldman Sachs BDC (NYSE:GSBD) Inc. (NYSE: GSBD) is a closed-end, externally managed business development company that provides debt and other financing solutions to private, middle-market companies in the United States. Launched in July 2018 and sponsored by Goldman Sachs Asset Management, GSBD seeks to generate current income and capital appreciation by making senior secured loans, subordinated debt investments and select equity co-investments. The firm draws on Goldman Sachs’ deep credit research capabilities and risk management framework to underwrite and structure custom financing packages for its portfolio companies.
GSBD primarily targets U.S. companies across a diverse range of industries, including healthcare, technology, business services and consumer products. By focusing on middle-market enterprises with annual revenues generally ranging from $50 million to $500 million, the company aims to fill the financing gap between traditional bank lending and public capital markets. Its flexible mandate allows it to provide financing in the form of first-lien and second-lien loans, unitranche facilities, mezzanine debt and equity participations, depending on each borrower’s strategic needs and capital structure.
The company is externally managed by Goldman Sachs Asset Management’s Private Credit Group, a team of seasoned professionals with decades of experience in leveraged finance, direct lending and distressed investing. This relationship grants GSBD access to Goldman Sachs’ global platform, including proprietary deal sourcing, proprietary analytics and comprehensive portfolio monitoring capabilities. Through regular collaboration with industry specialists and company management teams, the GSBD investment team seeks to enhance operational performance and support growth initiatives at its portfolio companies.
Goldman Sachs BDC is governed by an independent board of directors committed to upholding its investment objectives and ensuring alignment with shareholders. As part of the broader Goldman Sachs organization, the BDC benefits from the firm’s longstanding reputation in capital markets and its integrated approach to credit research, risk oversight and client service. This combination of middle-market focus, capital flexibility and institutional support positions GSBD as a prominent provider of customized financing solutions to U.S. private companies.
