GSBD on NYSE

Goldman Sachs BDC, Inc.

Corporation registered in the United States, active since 2012. Summary from the record

$8.95 up 0.30 (3.53%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 19, 2026.

Overview

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TickerGSBD on NYSE²
HeadquartersNew York, United States²
Incorporated inDE⁴
Business address200 West Street, Att: Private Credit Group, New York, Ny 10282⁴
Filer categoryLarge accelerated filer⁴
Legal formCorporation²
LEI6D01AGSGBNZIJSN77043²
StatusActive²
LEI statusIssued and current²
Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States²
Registered withDivision of Corporations, Department of State, 5218927²

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Financials

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

Financial statements

Net income⁵⁶⁷⁸$119.3M in 2025−32% since 2020

Every line of the income statement as filed: the last 5 fiscal years, latest first.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Investment income	$365.6M	$434.4M	$454.9M
Interest and other debt expenses	$111.6M	$113.7M	$111.3M
Management fees	$33.4M	$35.2M	$35.5M
Incentive fees	$26.2M	$17.2M	$49.4M
Professional fees	$3.3M	$5.0M	$3.5M
Directors' fees	$828.0K	$828.0K	$823.0K
Other general and administrative expenses	$4.6M	$4.5M	$4.3M
Total expenses	$180.0M	$176.5M	$204.8M
Fee waivers	$0		-$2.0M
Net expenses	$180.0M	$176.5M	$202.8M
Net investment income before taxes	$185.6M	$257.9M	$252.1M
Income tax expense, including excise tax	$4.0M	$5.3M	$4.8M
Net investment income after taxes	$181.6M	$252.6M	$247.2M
Net realized and unrealized gains (losses)	-$62.2M	-$189.5M	-$50.7M
(Provision) benefit for taxes on realized gain/loss on investments	-$80.0K	-$492.0K	-$1.2M
(Provision) benefit for taxes on unrealized appreciation/depreciation on investments	$0	$308.0K	$575.0K
Net increase (decrease) in net assets from operations	$119.3M	$62.9M	$195.9M
Weighted average shares outstanding	115.6M shares	114.7M shares	108.3M shares
Net investment income per share basic	$1.57	$2.20	$2.28	$2.24	$2.33
Net investment income per share diluted	$1.57	$2.20	$2.28
Earnings per share basic	$1.03	$0.55	$1.81
Earnings per share diluted	$1.03	$0.55	$1.81

Total assets⁵⁶⁷⁸$3.4B in 2025−5% since 2021

Total liabilities⁵⁶⁷⁸$2.0B in 2025+1% since 2021

Shareholders’ equity⁵⁶⁷⁸$1.4B in 2025+110% since 2019

Cash⁵⁶⁷⁸$43.2M in 2025+359% since 2019

Long-term debt⁵⁶⁷⁸$1.9B in 2025+1% since 2021

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 20 quarters (quarterly), latest first.⁸

Period ending	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Total investments, at fair value	$3.3B				$3.5B
Cash	$43.2M				$61.8M
Interest and dividends receivable	$26.9M				$28.1M
Deferred financing costs	$13.2M				$11.9M
Other assets	$2.4M				$1.1M
Total assets	$3.4B				$3.6B
Debt (net of debt issuance costs of $8,169 and $8,176)	$1.9B				$1.9B
Interest and other debt expenses payable	$25.5M				$21.3M
Management fees payable	$8.2M				$8.8M
Incentive fees payable	$3.8M				$6.3M
Distribution payable	$36.0M				$52.8M
Unrealized depreciation on derivatives	$0				$38.0K
Secured borrowings	$3.4M				$2.9M
Accrued expenses and other liabilities	$8.6M				$12.1M
Total liabilities	$2.0B				$2.0B
Common stock, par value $0.001 per share (200,000,000 shares authorized, 112,569,067 and 117,297,222 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively)	$113.0K				$117.0K
Paid-in capital in excess of par	$1.9B				$1.9B
Distributable earnings (loss)	-$456.7M				-$373.7M
Total net assets	$1.4B				$1.6B
Total liabilities and net assets	$3.4B				$3.6B
Net asset value per share	$12.64	$12.75	$13.02	$13.20	$13.41
Investments, at cost	$3.4B				$3.7B
Debt issuance costs	$8.2M				$8.2M
Preferred stock, par value	$0.00				$0.00
Preferred stock, shares authorized	1.0M shares				1.0M shares
Preferred stock, shares issued	0 shares				0 shares
Preferred stock, shares outstanding	0 shares				0 shares
Common stock, par value	$0.00				$0.00
Common stock, shares authorized	200.0M shares				200.0M shares
Common stock, shares issued	112.6M shares				117.3M shares
Common stock, shares outstanding	112.6M shares				117.3M shares

Period ending	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Total investments, at fair value	$3.3B				$3.5B
Cash	$43.2M				$61.8M
Interest and dividends receivable	$26.9M				$28.1M
Deferred financing costs	$13.2M				$11.9M
Other assets	$2.4M				$1.1M
Total assets	$3.4B				$3.6B
Debt (net of debt issuance costs of $8,169 and $8,176)	$1.9B				$1.9B
Interest and other debt expenses payable	$25.5M				$21.3M
Management fees payable	$8.2M				$8.8M
Incentive fees payable	$3.8M				$6.3M
Distribution payable	$36.0M				$52.8M
Unrealized depreciation on derivatives	$0				$38.0K
Secured borrowings	$3.4M				$2.9M
Accrued expenses and other liabilities	$8.6M				$12.1M
Total liabilities	$2.0B				$2.0B
Common stock, par value $0.001 per share (200,000,000 shares authorized, 112,569,067 and 117,297,222 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively)	$113.0K				$117.0K
Paid-in capital in excess of par	$1.9B				$1.9B
Distributable earnings (loss)	-$456.7M				-$373.7M				-$224.6M
Total net assets	$1.4B				$1.6B				$1.6B				$1.5B
Total liabilities and net assets	$3.4B				$3.6B
Net asset value per share	$12.64	$12.75	$13.02	$13.20	$13.41	$13.54	$13.67	$14.55	$14.62	$14.61	$14.59	$14.44	$14.61	$15.86	$15.91	$16.75	$17.65	$18.09	$18.31	$18.97
Investments, at cost	$3.4B				$3.7B
Debt issuance costs	$8.2M				$8.2M
Preferred stock, par value	$0.00				$0.00
Preferred stock, shares authorized	1.0M shares				1.0M shares
Preferred stock, shares issued	0 shares				0 shares
Preferred stock, shares outstanding	0 shares				0 shares
Common stock, par value	$0.00				$0.00
Common stock, shares authorized	200.0M shares				200.0M shares
Common stock, shares issued	112.6M shares				117.3M shares
Common stock, shares outstanding	112.6M shares				117.3M shares

Cash from operations⁵⁶⁷⁸$325.7M in 2025+96% since 2020

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Net increase (decrease) in net assets from operations:	$119.3M	$62.9M	$195.9M
Purchases of investments	-$938.1M	-$995.9M	-$394.4M
Payment-in-kind interest capitalized	-$33.6M	-$55.1M	-$32.4M
Investments in affiliated money market fund, net	-$10.5M	-$25.2M
Proceeds from sales of investments and principal repayments	$1.1B	$822.5M	$508.1M
Net realized (gain) loss on investments	$123.1M	$158.0M	$71.8M
Net change in unrealized (appreciation) depreciation on investments	-$64.7M	$37.1M	-$25.4M
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts and transactions	$28.0K	-$517.0K	$180.0K
Net change in unrealized (appreciation) depreciation on interest rate swaps accounted for as hedge instruments and the related hedged items	$2.0K
Amortization of premium and accretion of discount, net	-$21.8M	-$25.8M	-$35.9M
Amortization of deferred financing and debt issuance costs	$8.4M	$8.8M	$6.3M
(Increase) decrease in interest and dividends receivable	$1.2M	$10.4M	-$6.8M
(Increase) decrease in other assets	-$4.5M	$1.1M	-$1.2M
Increase (decrease) in interest and other debt expenses payable	$4.2M	$7.6M	$173.0K
Increase (decrease) in management fees payable	-$599.0K	$72.0K	-$355.0K
Increase (decrease) in incentive fees payable	-$2.5M	-$6.7M	$13.0M
Increase (decrease) in accrued expenses and other liabilities	-$3.2M	$3.2M	$1.5M
Net cash provided by (used for) operating activities	$325.7M	$2.5M	$300.7M
Proceeds from issuance of common stock (net of underwriting costs)		$109.9M	$98.1M
Offering costs paid	-$229.0K	-$515.0K	-$680.0K
Repurchases of common stock (including commissions and direct acquisition costs)	-$52.2M
Distributions paid	-$233.5M	-$197.7M	-$191.0M
Deferred financing and debt issuance costs paid	-$9.7M	-$8.2M	-$5.3M
Borrowings on debt	$1.6B	$1.1B	$378.5M
Repayments of debt	-$1.6B	-$995.6M	-$567.7M
Secured borrowings		$1.2M
Net cash provided by (used for) financing activities	-$344.5M	$7.1M	-$288.0M
Net increase (decrease) in cash	-$18.8M	$9.6M	$12.7M
Effect of foreign exchange rate changes on cash	$186.0K	-$171.0K	$62.0K
Interest expense paid	$95.6M	$93.9M	$102.6M
Accrued but unpaid excise tax expense	$4.3M	$6.0M	$5.1M
Accrued but unpaid distributions	$36.0M	$52.8M	$49.3M
Reinvestment of stockholder distributions		$7.3M	$3.1M
Exchange of investments	$111.0M	$204.2M	$119.6M

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Leadership

Who has led Goldman Sachs BDC, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Vivek Bantwal2025–now

Chief financial officer

Chief operating officer

20202025

Chief executive officerVivek Bantwal Sep 15, 2025 to now¹¹
Chief financial officerJonathan Lamm Mar 4, 2021 to Mar 4, 2021¹²
Chief financial officerJoseph F. Dimaria Mar 4, 2021 to Mar 4, 2021¹³
Chief financial officerCarmine Rossetti Nov 10, 2021 to Nov 10, 2021¹⁴
Chief operating officerGabriella Skirnick Jun 1, 2023 to Jun 1, 2023¹⁵
Chief operating officerJon Yoder Mar 17, 2015 to Mar 8, 2022¹⁶

Board members and other officers (33)

OfficerVivek Bantwal Aug 11, 2025 to now¹⁷
OfficerJohn Lanza Nov 16, 2023 to Nov 26, 2024¹⁸
OfficerStanley Matuszewski Nov 16, 2023 to Nov 16, 2023¹⁹
OfficerAlex Chi Mar 8, 2022 to now²⁰
OfficerGabriella Skirnick Mar 8, 2022 to Mar 8, 2022²¹
Vice PresidentGreg Watts Aug 12, 2022 to Aug 12, 2022²²
Vice PresidentJennifer Yang Aug 12, 2022 to Aug 12, 2022²³
Vice PresidentJustin Betzen Aug 12, 2022 to Aug 12, 2022²⁴
Vice PresidentTucker Greene Aug 12, 2022 to now²⁵
Principal Accounting OfficerDavid Pessah Mar 17, 2020 to Nov 16, 2023²⁶
Executive Vice PresidentMichael Mastropaolo Mar 6, 2019 to Jun 22, 2022²⁷
Chief Compliance OfficerJulien Yoo Jun 7, 2019 to Jun 7, 2019²⁸
Executive Vice PresidentJordan Walter Mar 6, 2018 to Jun 22, 2022²⁹
Principal Accounting OfficerCarmine Rossetti May 9, 2017 to Aug 10, 2022³⁰
Chief Compliance OfficerKathryn L. Quirk Mar 1, 2016 to Dec 16, 2016³¹
Chief Compliance OfficerMaya Teufel Dec 16, 2016 to Jun 7, 2019³²
Chief Compliance OfficerAlison Conn Mar 17, 2015 to Mar 1, 2016³³
OfficerBrendan McGovern Mar 17, 2015 to Mar 8, 2022³⁴
SecretaryCaroline Kraus Mar 17, 2015 to Mar 17, 2015³⁵
OfficerJonathan Lamm Mar 17, 2015 to Oct 14, 2020³⁶
Executive Vice PresidentSalvatore Lentini Mar 17, 2015 to Mar 6, 2019³⁷
Executive Vice PresidentScott Turco Mar 17, 2015 to Mar 6, 2018³⁸
Board memberCarlos E. Evans Oct 14, 2020 to now³⁹
Board memberRichard A. Mark Oct 14, 2020 to Oct 14, 2020⁴⁰
Board memberSusan B. McGee Jun 5, 2018 to now⁴¹
Board memberAnn B. Lane Mar 1, 2016 to Jan 3, 2022⁴²
Board memberJaime Ardila Mar 1, 2016 to Mar 11, 2020⁴³
Board memberAshok N. Bakhru Mar 17, 2015 to Jan 4, 2018⁴⁴
Board memberJohn P. Coblentz Jr. Mar 17, 2015 to Jan 9, 2017⁴⁵
Board memberKatherine Uniacke Mar 17, 2015 to Oct 14, 2020⁴⁶
Board memberRichard P. Strubel Mar 17, 2015 to Jan 9, 2017⁴⁷
Board memberJanet F. Clark May 18, 2015 to May 3, 2018⁴⁸
Board memberRoss Jay Kari Aug 10, 2015 to now⁴⁹

Former names

Goldman Sachs Liberty Harbor Capital, LLCMar 29, 2013 to Mar 29, 2013⁴

Timeline

Sep 15, 2025New chief executive Vivek Bantwal becomes CEO¹¹
Sep 26, 2012Founded Goldman Sachs BDC, Inc. is founded²

Filings

199 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 74 major events, 30 insider forms, 74 other. The latest 20:

Oct 5, 20268-K EDGAR
Sep 30, 2026424B2 EDGAR
Sep 30, 2026424B2 EDGAR
Sep 30, 2026424B2 EDGAR
Sep 29, 2026N-2ASR EDGAR
Aug 7, 20268-K EDGAR
Aug 6, 202610-Q EDGAR
Jul 7, 20268-K EDGAR
Jun 11, 20264 EDGAR
May 28, 20268-K EDGAR
May 8, 20268-K EDGAR
May 7, 202610-Q EDGAR
Apr 14, 20268-K EDGAR
Apr 6, 20264 EDGAR
Apr 6, 2026DEFA14A EDGAR
Apr 2, 2026DEFA14A EDGAR
Apr 1, 2026DEF 14A EDGAR
Mar 31, 20264 EDGAR
Mar 17, 20268-K EDGAR
Mar 2, 20268-K EDGAR

The 199 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

6 open-market trades by officers, directors and large owners since October 2021: 5 buys and 1 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 10, 2026	Leach Timothy JDirector	Buy	2,004	$9.04	$18.1K	Form 4
Apr 2, 2026	Evans Carlos EDirector	Buy	50,000	$9.02	$451.0K	Form 4
Nov 12, 2025	Greene TuckerSee Remarks	Buy	10,500	$9.86	$103.5K	Form 4
Sep 12, 2025	Bantwal VivekCo-Chief Executive Officer	Buy	22,000	$11.36	$249.9K	Form 4
Nov 22, 2024	Lanza JohnSee Remarks	Sale	1,250	$12.85	$16.1K	Form 4
May 8, 2023	Miller DavidSee Remarks.	Buy	20,000	$13.16	$263.2K	Form 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Goldman Sachs Group Inc	6,535,509	$62.0M	0.0%	No change
Private Management Group Inc	5,178,638	$49.1M	1.3%	+175,284
Morgan Stanley	4,713,836	$44.7M	0.0%	+1,083,863
Generali Asset Management SPA SGR	3,294,022	$31.2M	0.6%	No change
Ares Management LLC	3,147,251	$29.8M	1.4%	+976,078
Van Eck Associates Corp	2,676,020	$25.4M	0.0%	+607,997
UBS Group AG	2,577,113	$24.4M	0.0%	+49,217
Lunate Capital Ltd	2,192,392	$20.8M	10.6%	New
Invesco Ltd.	1,689,253	$16.0M	0.0%	+42,317
Lalia Capital, LLC	1,193,406	$11.3M	5.5%	New
Bank Of America Corp /de/	1,147,167	$10.9M	0.0%	+149,597
Legal & General Group Plc	939,770	$8.9M	0.0%	+57,072
Muzinich & Co., Inc.	853,942	$8.1M	2.8%	+52,409
Raymond James Financial Inc	706,549	$6.7M	0.0%	+12,742
Sumitomo Mitsui Trust Group, Inc.	701,783	$6.7M	0.0%	+5,000
Cetera Investment Advisers	696,308	$6.6M	0.0%	+610,891
Envestnet Asset Management Inc	624,970	$5.9M	0.0%	New
Columbus Macro, LLC	619,851	$5.9M	0.6%	New
Union Bancaire Privee, UBP SA	3,713	$5.7M	0.1%	No change
Osaic Holdings, Inc.	561,573	$5.3M	0.0%	+311,348
Coppell Advisory Solutions LLC	446	$5.1M	0.4%	New
American Financial Group Inc	506,562	$4.8M	1.7%	No change
Victory Capital Management Inc	497,443	$4.7M	0.0%	+227,469
BlackRock, Inc.	432,573	$4.1M	0.0%	−10,298
Transcend Capital Advisors, LLC	356,959	$3.4M	0.2%	−36,209

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARGoldman Sachs BDC, Inc. filings on SEC EDGAR
2
GLEIFGoldman Sachs BDC, Inc. LEI record (6D01AGSGBNZIJSN77043)
3
Yahoo FinanceGSBD quote
4
SEC EDGARGoldman Sachs BDC, Inc. filings on SEC EDGAR
5
SEC EDGARGoldman Sachs BDC, Inc. 10-K for fiscal 2020
6
SEC EDGARGoldman Sachs BDC, Inc. 10-K for fiscal 2021
7
SEC EDGARGoldman Sachs BDC, Inc. 10-K for fiscal 2022
8
SEC EDGARGoldman Sachs BDC, Inc. 10-K for fiscal 2023
9
SEC EDGARGoldman Sachs BDC, Inc. 10-Q for fiscal 2026
10
SEC EDGARGoldman Sachs BDC, Inc. 10-Q for fiscal 2026
11
SEC EDGARVivek Bantwal, Chief executive officer
12
SEC EDGARJonathan Lamm, Chief financial officer
13
SEC EDGARJoseph F. Dimaria, Chief financial officer
14
SEC EDGARCarmine Rossetti, Chief financial officer
15
SEC EDGARGabriella Skirnick, Chief operating officer
16
SEC EDGARJon Yoder, Chief operating officer
17
SEC EDGARVivek Bantwal, Officer
18
SEC EDGARJohn Lanza, Officer
19
SEC EDGARStanley Matuszewski, Officer
20
SEC EDGARAlex Chi, Officer
21
SEC EDGARGabriella Skirnick, Officer
22
SEC EDGARGreg Watts, Vice President
23
SEC EDGARJennifer Yang, Vice President
24
SEC EDGARJustin Betzen, Vice President
25
SEC EDGARTucker Greene, Vice President
26
SEC EDGARDavid Pessah, Principal Accounting Officer
27
SEC EDGARMichael Mastropaolo, Executive Vice President
28
SEC EDGARJulien Yoo, Chief Compliance Officer
29
SEC EDGARJordan Walter, Executive Vice President
30
SEC EDGARCarmine Rossetti, Principal Accounting Officer
31
SEC EDGARKathryn L. Quirk, Chief Compliance Officer
32
SEC EDGARMaya Teufel, Chief Compliance Officer
33
SEC EDGARAlison Conn, Chief Compliance Officer
34
SEC EDGARBrendan McGovern, Officer
35
SEC EDGARCaroline Kraus, Secretary
36
SEC EDGARJonathan Lamm, Officer
37
SEC EDGARSalvatore Lentini, Executive Vice President
38
SEC EDGARScott Turco, Executive Vice President
39
SEC EDGARCarlos E. Evans, Board member
40
SEC EDGARRichard A. Mark, Board member
41
SEC EDGARSusan B. McGee, Board member
42
SEC EDGARAnn B. Lane, Board member
43
SEC EDGARJaime Ardila, Board member
44
SEC EDGARAshok N. Bakhru, Board member
45
SEC EDGARJohn P. Coblentz Jr., Board member
46
SEC EDGARKatherine Uniacke, Board member
47
SEC EDGARRichard P. Strubel, Board member
48
SEC EDGARJanet F. Clark, Board member
49
SEC EDGARRoss Jay Kari, Board member