Goldman Sachs controversies

Monitor Report: Goldman Sachs Completes 90% of $1.8B Target for Consumer-Relief Under Mortgage Settlements

Friday, May 22, 2020 - 10:00pm

According to Professor Green, Goldman Sachs is continuing to make steady progress towards fulfilling its obligation to provide $1.8 billion in consumer relief under those settlements.

Key Points: 
  • According to Professor Green, Goldman Sachs is continuing to make steady progress towards fulfilling its obligation to provide $1.8 billion in consumer relief under those settlements.
  • The consumer relief provided in the most recent period brings the total relief provided by Goldman Sachs to $1,623,130,850 the Monitor said in the report.
  • Goldman Sachs' two settlement agreements resolved potential claims regarding the marketing, structuring, arrangement, underwriting, issuance and sale of mortgage-based securities.
  • The Monitor's mailing address is: Monitor of the Goldman Sachs Mortgage Settlement, P.O.

Goldman Sachs MLP Income Opportunities Fund Announces Quarterly Distribution of $0.205 Per Share

Saturday, May 9, 2020 - 1:42am

Goldman Sachs Asset Management (GSAM) will host a conference call for the Fund on May 21, 2020 at 11:00 AM EDT.

Key Points: 
  • Goldman Sachs Asset Management (GSAM) will host a conference call for the Fund on May 21, 2020 at 11:00 AM EDT.
  • The call will briefly cover the market environment for U.S. energy sector and provide an update on the closed-end fund investment strategy.
  • Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.
  • 2 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

Paige Secures Additional Investment from Goldman Sachs Towards Series B Funding Round

Thursday, April 23, 2020 - 1:00pm

Paige , the leader in computational pathology which is transforming the diagnosis and treatment of cancer, today announced it has received additional funding from Goldman Sachs Merchant Banking Division, which will be added to the recently announced Series B financing round.

Key Points: 
  • Paige , the leader in computational pathology which is transforming the diagnosis and treatment of cancer, today announced it has received additional funding from Goldman Sachs Merchant Banking Division, which will be added to the recently announced Series B financing round.
  • Additionally, Paige has added David Castelblanco, Managing Director at Goldman Sachs, to its Board of Directors.
  • Were thrilled to be working with David Castelblanco and the team at Goldman Sachs as we build our platform and further develop our computational pathology infrastructure, said Leo Grady, CEO at Paige.
  • Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.

Goldman Sachs BDC, Inc. Provides Business Update Amid COVID-19 Exigency

Thursday, March 19, 2020 - 11:17am

Goldman Sachs BDC, Inc. (the Company, us or our) (NYSE:GSBD) today provides a business update amid the COVID-19 Exigency.

Key Points: 
  • Goldman Sachs BDC, Inc. (the Company, us or our) (NYSE:GSBD) today provides a business update amid the COVID-19 Exigency.
  • We also continue to benefit from the insights of colleagues across Goldman Sachs, including Goldman Sachs risk management personnel, to gain further insight into the unfolding economic environment as well as to update and revise portfolio stress scenarios.
  • We believe that the strength of the Goldman Sachs platform is a significant asset for the Company as we navigate the current environment.
  • GSBD was formed by The Goldman Sachs Group, Inc. (Goldman Sachs) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs.

Goldman Sachs BDC, Inc. Favorably Amends Its Revolving Credit Facility

Thursday, February 27, 2020 - 10:33pm

Goldman Sachs BDC, Inc. (the Company) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the Truist Revolving Credit Facility).

Key Points: 
  • Goldman Sachs BDC, Inc. (the Company) (NYSE: GSBD) announced today that it has favorably amended its senior secured revolving credit facility agreement with Truist Bank (formerly known as SunTrust Bank), as administrative agent (as amended, supplemented or otherwise modified and in effect from time to time, the Truist Revolving Credit Facility).
  • We believe these changes to our revolving credit facility further strengthen the Companys balance sheet and funding profile.
  • Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940.
  • GS BDC was formed by The Goldman Sachs Group, Inc. (Goldman Sachs) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs.

Goldman Sachs BDC, Inc. Prices Public Offering of $360.0 Million of 3.750% Unsecured Notes Due 2025

Thursday, February 6, 2020 - 10:03pm

Goldman Sachs BDC, Inc. (the Company) (NYSE: GSBD) announced today that it has priced an offering of $360.0 million aggregate principal amount of 3.750% notes due 2025 (the Notes).

Key Points: 
  • Goldman Sachs BDC, Inc. (the Company) (NYSE: GSBD) announced today that it has priced an offering of $360.0 million aggregate principal amount of 3.750% notes due 2025 (the Notes).
  • The Company intends to use the net proceeds of this offering to pay down debt under its revolving credit facility.
  • The offering is subject to customary closing conditions, and the Notes are expected to be delivered on or about February 10, 2020.
  • GS BDC was formed by The Goldman Sachs Group, Inc. (Goldman Sachs) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs.

Goldman Sachs BDC, Inc. Announces Series of Fixed Income Investor Meetings

Friday, January 17, 2020 - 9:30pm

Goldman Sachs BDC, Inc. (GS BDC) (NYSE:GSBD) announced that it, together with a recognized investment bank, will be conducting a series of fixed income investor meetings.

Key Points: 
  • Goldman Sachs BDC, Inc. (GS BDC) (NYSE:GSBD) announced that it, together with a recognized investment bank, will be conducting a series of fixed income investor meetings.
  • Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
  • Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940.
  • GS BDC was formed by The Goldman Sachs Group, Inc. (Goldman Sachs) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs.

Monitor Report: Goldman Sachs Completes 86% of $1.8B Target for Consumer-Relief Under Mortgage Settlements

Wednesday, January 15, 2020 - 10:00pm

According to Professor Green, Goldman Sachs is continuing to make steady progress towards fulfilling its obligation to provide $1.8 billion in consumer relief under those settlements.

Key Points: 
  • According to Professor Green, Goldman Sachs is continuing to make steady progress towards fulfilling its obligation to provide $1.8 billion in consumer relief under those settlements.
  • The consumer relief provided in the most recent period brings the total relief provided by Goldman Sachs to $1,547,327,585 the Monitor said in the report.
  • Goldman Sachs' two settlement agreements resolved potential claims regarding the marketing, structuring, arrangement, underwriting, issuance and sale of mortgage-based securities.
  • The Monitor's mailing address is: Monitor of the Goldman Sachs Mortgage Settlement, P.O.

CallMiner Secures $75M Investment from Goldman Sachs

Monday, December 16, 2019 - 2:00pm

WALTHAM, Mass., Dec. 16, 2019 (GLOBE NEWSWIRE) -- CallMiner , the leading provider of AI-fueled speech and customer interaction analytics, has closed a $75 million investment round from Goldman Sachs .

Key Points: 
  • WALTHAM, Mass., Dec. 16, 2019 (GLOBE NEWSWIRE) -- CallMiner , the leading provider of AI-fueled speech and customer interaction analytics, has closed a $75 million investment round from Goldman Sachs .
  • The investment from Goldman Sachs a preeminent technology investor is a significant milestone and we are thrilled to have them as a partner on this journey.
  • The convergence of customer interaction analytics and customer experience creates a significant market opportunity, said Holger Staude of Goldman Sachs Growth.
  • Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.

LeanTaaS Secures $40 Million in Funding From Goldman Sachs

Thursday, December 12, 2019 - 2:15pm

The investment by Goldman Sachs is in addition to the $61 million previously invested by Insight Partners over the three prior funding rounds beginning in November 2017, bringing the total amount raised within the last 24 months to $101 million.

Key Points: 
  • The investment by Goldman Sachs is in addition to the $61 million previously invested by Insight Partners over the three prior funding rounds beginning in November 2017, bringing the total amount raised within the last 24 months to $101 million.
  • Paul Pate, a vice president with Goldman Sachs Merchant Banking Division, added, LeanTaaS delivers its platform as scalable, web-based software which can be configured to serve a wide array of healthcare environments.
  • Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.
  • Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firms long-term principal investing activity.