GSBD
- Goldman Sachs BDC, Inc.
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Overview
Company Summary
Goldman Sachs BDC, Inc. (GSBD) is a business development company (BDC) operated by one of the leading global investment banking firms, Goldman Sachs Group, Inc. The primary focus of GSBD is to invest in and provide financing to middle-market companies.
A key aspect of GSBD's operations involves making debt and equity investments in these middle-market companies. This means that GSBD provides funds to these companies in exchange for an ownership stake (equity) or through various debt instruments like loans or convertible notes. These investments help these middle-market companies grow, expand, or carry out specific business initiatives.
The primary target of GSBD's investments is middle-market companies. "Middle-market" refers to companies that are too large to be considered small businesses but are smaller than large, publicly traded corporations. These companies often have an annual revenue range of $50 million to $1 billion.
By investing in middle-market companies, GSBD aims to generate attractive risk-adjusted returns for its investors. To achieve this, the company primarily focuses on sectors such as healthcare, technology, consumer products, industrials, and financial services. Investments can vary in size, and GSBD may work with these portfolio companies to provide additional support in terms of strategic guidance, operational expertise, or access to Goldman Sachs' extensive network.
In addition to providing financing, GSBD also helps these middle-market companies with mergers and acquisitions, offering advice and assistance in completing these transactions. This further adds value to GSBD's role in facilitating the growth and development of the portfolio companies.
Overall, Goldman Sachs BDC, Inc. plays a vital role in the financial ecosystem by providing financial resources, expertise, and guidance to middle-market companies, allowing them to expand and thrive.