Private company

Goldman Sachs Middle Market Lending Corp. II

In its 2025 annual report the company says: “We are a specialty finance company focused on lending to middle-market companies.”4 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersNew York, United States2
  • Incorporated inDE3
  • Business address200 West Street, New York, Ny 102823
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • Kind of organizationInvestment fund2
  • LEI5493002II6JVOJ3B4F982
  • StatusInactive2
  • LEI statusRetired2
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 78634652

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We are a specialty finance company focused on lending to middle-market companies. We are a closed-end management investment company that has elected to be regulated as a BDC (as defined below) under the Investment Company (as defined below). In addition, we have elected to be treated as a RIC (as defined below), and we expect to qualify annually for tax treatment as a RIC, commencing with our taxable year ended December 31, 2021. From our commencement of investment operations on October 29, 2021 through December 31, 2024, we originated approximately $1,259.34 million in aggregate principal amount of debt and equity investments prior to any subsequent exits and repayments. We seek to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche, including last-out portions of such loans, and se…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5$42.6M in 2024+2116% since 2022
0$20.0M$40.0M$60.0M2022: $1.9M$1.9M20222023: $19.5M$19.5M2023+914%2024: $42.6M$42.6M2024+119%
Fiscal year20212022202320242025
Operating expenses$7.0M5$20.8M5$44.3M5
Interest$2.4M8$12.2M8
Net income$1.9M5$19.5M5$42.6M5
Earnings per share$0.435$1.825$2.165
Earnings per share (diluted)$0.435$1.825$2.165
Shares (weighted, basic)4.5M shares510.7M shares519.8M shares5
Shares (weighted, diluted)4.5M shares510.7M shares519.8M shares5

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What it owns

What Goldman Sachs Middle Market Lending Corp. II reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We maintain our principal executive office at 200 West Street, New York, New York 10282. We do not own any real estate.

Item 2 of the 10-K filed Mar 4, 2025.4

Leadership

Who has led Goldman Sachs Middle Market Lending Corp. II, and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Jon Yoder2022
  2. Gabriella Skirnick2023
2025
Board members and other officers (22)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Co-Chief Executive Officer and Co-PresidentDavid J. Miller named Dec 4, 202333
  • DirectorKarole J. Dill named Dec 4, 202333
  • DirectorTimothy J. Leach named Dec 4, 202333

Former names

  • Goldman Sachs Middle Market Lending LLC IIJun 14, 2021 to Nov 22, 20213

Timeline

  1. Oct 14, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer34
  2. Oct 10, 20258-K Shareholder vote; Other events35
  3. Jul 21, 20258-K Executive or director change36
  4. Jul 11, 20258-K Entered a material agreement37
  5. Jun 23, 20258-K Shareholder vote38
  6. Nov 18, 20248-K Entered a material agreement; New debt or obligation39
  7. Oct 15, 20248-K Entered a material agreement; New debt or obligation40
  8. Sep 30, 20248-K Entered a material agreement; New debt or obligation41
  9. Sep 9, 20248-K Entered a material agreement; New debt or obligation42
  10. Jul 11, 20248-K Unregistered sale of shares43
  11. Jul 3, 20248-K Entered a material agreement; New debt or obligation44
  12. Jun 28, 20248-K Shareholder vote45
  13. Feb 21, 2020Founded Goldman Sachs Middle Market Lending Corp. II is founded2

Filings

236 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 44 major events, 139 insider forms, 3 private raises, 35 other. The latest 20:

  1. Nov 21, 202540-17F2 GOLDMAN SACHS MIDDLE MARKET LENDING CORP. II EDGAR
  2. Oct 16, 20254 EDGAR
  3. Oct 16, 20254 EDGAR
  4. Oct 16, 20254 EDGAR
  5. Oct 16, 20254 EDGAR
  6. Oct 16, 20254 EDGAR
  7. Oct 16, 20254 EDGAR
  8. Oct 16, 20254 EDGAR
  9. Oct 16, 20254 EDGAR
  10. Oct 16, 20254 EDGAR
  11. Oct 16, 20254 EDGAR
  12. Oct 16, 20254 EDGAR
  13. Oct 16, 20254 EDGAR
  14. Oct 16, 20254 EDGAR
  15. Oct 16, 20254 EDGAR
  16. Oct 16, 20254 EDGAR
  17. Oct 16, 20254 EDGAR
  18. Oct 14, 2025N-54C EDGAR
  19. Oct 14, 202515-12G EDGAR
  20. Oct 14, 20258-K EDGAR

The 236 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

88 open-market trades by officers, directors and large owners since October 2021: 88 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 9, 2024Uniacke KatherineDirectorBuy261$19.17$5.0KForm 4
Jul 9, 2024Leach Timothy JDirectorBuy1,304$19.17$25.0KForm 4
Jul 9, 2024MARK RICHARD ADirectorBuy1,304$19.17$25.0KForm 4
Jul 9, 2024Grooms TracyDirectorBuy1,304$19.17$25.0KForm 4
Jul 9, 2024Evans Carlos EDirectorBuy1,304$19.17$25.0KForm 4
Jul 9, 2024DILL BARKLEY KAROLEDirectorBuy1,304$19.17$25.0KForm 4
Jul 9, 2024Uniacke KatherineDirectorBuy0Form 4
Jul 9, 2024DILL BARKLEY KAROLEDirectorBuy0Form 4
Jul 9, 2024Evans Carlos EDirectorBuy0Form 4
Jul 9, 2024Grooms TracyDirectorBuy0Form 4
Jul 9, 2024Leach Timothy JDirectorBuy0Form 4
Jul 9, 2024MARK RICHARD ADirectorBuy0Form 4
May 6, 2024MARK RICHARD ADirectorBuy1,992$18.82$37.5KForm 4
May 6, 2024Uniacke KatherineDirectorBuy398$18.82$7.5KForm 4
May 6, 2024DILL BARKLEY KAROLEDirectorBuy1,992$18.82$37.5KForm 4
May 6, 2024Evans Carlos EDirectorBuy1,992$18.82$37.5KForm 4
May 6, 2024Grooms TracyDirectorBuy1,992$18.82$37.5KForm 4
May 6, 2024Leach Timothy JDirectorBuy1,992$18.82$37.5KForm 4
May 6, 2024Grooms TracyDirectorBuy0Form 4
May 6, 2024Leach Timothy JDirectorBuy0Form 4

All 88 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 9, 2021Raised $546.4 million in a private offering of securities Form D: 2,218 investors so far Form D

SEC filer profile

How Goldman Sachs Middle Market Lending Corp. II is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGoldman Sachs Middle Market Lending Corp. II1
  • CIK0001865174
  • Employer ID (EIN)87-36433634
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Business address200 West Street, New York, NY 102821
  • Phone212-902-03001
  • Shares outstanding23,959,372 as of Aug 12, 20257
  • Public float$0 as of Jun 30, 20245
  • AuditorPricewaterhouseCoopers LLP, Boston, Massachusetts PCAOB ID 2384
  • On EDGAR sinceJun 14, 20211
  • Filings247 in all: 4 (69), 4/A (44), 8-K (44), 3 (26), DEFA14A (14), 10-Q (11), 40-APP/A (8), 10-K (4)1
    All 23 form types

    40-17F2 (4), 40-17G (4), DEF 14A (4), 40-APP (3), D/A (2), 10-12G (1), 10-12G/A (1), 15-12G (1), CORRESP (1), D (1), DEFM14A (1), N-54A (1), N-54C (1), PREM14A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2025
    Quarterly report (10-Q) Aug 12, 2025
    Proxy statement (DEF 14A) Apr 2, 2025
    Latest 8-K (8-K) Oct 14, 2025

Risk factors and legal proceedings

The risks Goldman Sachs Middle Market Lending Corp. II names in Item 1A of its 10-K filed Mar 4, 2025: 73 risks under these headings, as written.4

  • Risks Relating to Market Developments and General Business Environment
  • The capital markets may experience periods of disruption and instability. Such market conditions may have materially and adversely affected debt and equity capital markets, which may have a negative impact on our business and operations.
  • Political, social and economic uncertainties may create and exacerbate risks.
  • Risks Relating to Legal and Regulatory Matters
  • Our operation as a BDC imposes numerous constraints on us and significantly reduces our operating flexibility. In addition, if we fail to maintain our status as a BDC, we might be regulated as a registered closed-end investment company, which would subject us to additional regulatory restrictions.
  • We will be subject to U.S. federal income tax at corporate rates (and any applicable U.S. state and local taxes) on all of our income if we are unable to maintain our qualification for tax treatment as a RIC, which would have a material adverse effect on our financial performance.
  • Regulations governing our operations as a BDC affect our ability to, and the way in which we, raise additional capital. These constraints may hinder our Investment Adviser’s ability to take advantage of attractive investment opportunities and to achieve our investment objective.
  • There are risks associated with any potential merger with or asset sale to another BDC.
  • We incur significant costs as a result of being subject to the reporting requirements under the Exchange Act.
  • Efforts to comply with Section 404 of the Sarbanes-Oxley Act involve significant expenditures, and noncompliance with Section 404 of the Sarbanes-Oxley Act may adversely affect us.
  • Changes in laws or regulations governing our operations or the operations of our portfolio companies, changes in the interpretation thereof or newly enacted laws or regulations, or any failure by us or our portfolio companies to comply with these laws or regulations, could require changes to certain of our or our portfolio companies’ business practices, negatively impact our or our portfolio companies’ operations, cash flows or financial condition, impose additional costs on us or our portfolio companies or otherwise adversely affect our business or the business of our portfolio companies.
  • We cannot predict how new tax legislation will affect us, our investments, or our stockholders, and any such legislation could adversely affect our business.
The other 63 risks
  • Our ability to enter into transactions with our affiliates is restricted.
  • Our activities may be limited as a result of potentially being deemed to be controlled by GS Group Inc., a bank holding company.
  • CFTC rules may have a negative impact on us and our Investment Adviser.
  • The European Union's Alternative Investment Fund Managers ("AIFM") Directive may have a negative impact on our Investment Adviser and its affiliates.
  • Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.
  • Certain investors are limited in their ability to make significant investments in us.
  • Risks Relating to Competition
  • We depend upon management personnel of our Investment Adviser for our future success.
  • We operate in a highly competitive market for investment opportunities.
  • Risks Relating to Our Operations
  • We are dependent on information systems, and systems failures or cybersecurity incidents, as well as operating failures, could significantly disrupt our business, which may, in turn, negatively affect our liquidity, financial condition or results of operations.
  • Cybersecurity risks and cyber incidents may adversely affect our business or the business of our portfolio companies by causing a disruption to our operations or the operations of our portfolio companies, a compromise or corruption of our confidential information or the confidential information of our portfolio companies and/or damage to our business relationships or the business relationships of our portfolio companies, all of which could negatively impact the business, financial condition and operating results of us or our portfolio companies.
  • Risks Relating to Our Business and Structure
  • The potentially limited term and the expiration of the Investment Period may impact our investment strategy.
  • Our Investment Adviser, its principals, investment professionals and employees and the members of its Private Credit Investment Committee may have certain conflicts of interest.
  • Subject to applicable law, we may invest alongside Goldman Sachs and other Accounts.
  • Goldman Sachs’ financial and other interests may incentivize our Investment Adviser to favor other Accounts.
  • Our financial condition and results of operations depend on our Investment Adviser’s ability to manage our future growth effectively.
  • Our ability to grow depends on our access to adequate capital.
  • We borrow money, which may magnify the potential for gain or loss and may increase the risk of investing in us.
  • Our Investment Adviser will be paid the Management Fee even if the value of an investment in the Company declines and our Investment Adviser’s Incentive Fee may create incentives for it to make certain kinds of investments.
  • The Incentive Fee based on income takes into account our past performance.
  • Potential conflicts of interest with other businesses of Goldman Sachs could impact our investment returns.
  • Our Board of Directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • Our Investment Adviser can resign on 60 days’ notice. We may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Our Investment Adviser’s responsibilities and its liability to us are limited under the Investment Management Agreement, which may lead our Investment Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • If we consummate a listing, the Management Fee and Incentive Fee will increase.
  • We may experience fluctuations in our quarterly results.
  • Investors may fail to pay their undrawn Commitments.
  • We are subject to risks related to corporate social responsibility.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Risks Relating to Our Portfolio Company Investments
  • Our investments are very risky and highly speculative.
  • Unsecured Debt, Including Mezzanine Debt.
  • Investing in middle-market companies involves a number of significant risks.
  • We have exposure to credit risk and other risks related to credit investments.
  • Changes in inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
  • We are exposed to risks associated with changes in interest rates.
  • Many of our portfolio securities do not have a readily available market price, and we value these securities at fair value as determined in good faith in accordance with the Investment Company Act, which valuation is inherently subjective and may not reflect what we may actually realize for the sale of the investment.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our portfolio may be focused in a limited number of portfolio companies, which will subject us to a risk of significant loss if any of these companies default on their obligations under any of its debt instruments or if there is a downturn in a particular industry.
  • We may not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • We may be subject to risks associated with subordinated debt.
  • We may be subject to risks associated with unsecured debt.
  • We may be subject to risks arising from revolving credit facilities.
  • We may be subject to risks arising from assignments and participations.
  • We may have difficulty sourcing investment opportunities.
  • Our failure or inability to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • Our portfolio companies may prepay loans, which may reduce stated yields in the future if the capital returned cannot be invested in transactions with equal or greater expected yields.
  • Investments in common and preferred equity securities, many of which are illiquid with no readily available market, involve a substantial degree of risk.
  • By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
  • We may be exposed to special risks associated with bankruptcy cases.
  • We will have broad discretion over the use of proceeds of the funds we raise from investors and will use proceeds in part to satisfy operating expenses.
  • Declines in market prices and liquidity in the corporate debt markets can result in significant net unrealized depreciation of our portfolio, which in turn would affect our results of operations.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Our portfolio companies may have incurred or issued, or may in the future incur or issue, debt or equity securities that rank equally with, or senior to, our investments in such companies, which could have an adverse effect on us in any liquidation of the portfolio company.
  • Our portfolio companies may be highly leveraged.
  • Our investments in non-U.S. companies may involve significant risks in addition to the risks inherent in U.S. investments.
  • We may expose ourselves to risks if we engage in hedging transactions.
  • We may form one or more CLOs, which may subject us to certain structured financing risks.
  • We may invest a significant portion of our assets in high-quality short-term investments, which will generate lower rates of return than those expected from the interest generated on our intended investment program.
  • Risks Relating to Our Securities
  • Investors could receive fewer shares of our common stock than anticipated.
  • A stockholder’s interest in us will be diluted if we issue additional shares, which could reduce the overall value of an investment in us.
  • We may in the future determine to issue preferred stock, which could adversely affect the value of our common stock.
  • We may not be able to pay distributions to holders of our common stock, distributions to holders of our common stock may not grow over time, and a portion of our distributions may be a return of capital to holders of our common stock for U.S. federal income tax purposes.
  • We may have difficulty paying our required distributions if we recognize taxable income before or without receiving cash representing such income.
  • Our stockholders may receive shares of our common stock as distributions, which could result in adverse tax consequences to them.

Legal proceedings

From time to time, we may be a party to certain legal proceedings, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us.

The opening of Item 3, Legal Proceedings.4

Sources

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