Goldman Sachs BDC
GSBD
About: Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company focuses on the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 63
14% more capital invested
Capital invested by funds: $408M [Q1] → $465M (+$57M) [Q2]
1.42% more ownership
Funds ownership: 29.89% [Q1] → 31.3% (+1.42%) [Q2]
6% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 31
1% less funds holding
Funds holding: 224 [Q1] → 221 (-3) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
94% less call options, than puts
Call options by funds: $203K | Put options by funds: $3.3M
Financial journalist opinion
Based on 5 articles about GSBD published over the past 30 days
