Goldman Sachs Sells Private Credit Shares at NAV
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 42 minutes ago
0mins
Source: seekingalpha
- Share Sale Overview: Goldman Sachs' private credit manager sold 3,372,858 Class I shares for approximately $83.19 million and 40,546 Class S shares for about $1 million, indicating active participation in the private market.
- Net Asset Value Performance: As of April 30, both Class I and S shares had a net asset value of $24.66 per share, reflecting Goldman Sachs' stability and investor confidence in its private credit offerings.
- Yield Analysis: Year-to-date returns as of April 30 were estimated at 1.7% for Class I shares and 1.0% for Class S shares, suggesting that Goldman Sachs' private credit products remain attractive in the current market environment.
- Market Environment Impact: Goldman Sachs' operations in the private credit market are intertwined with ongoing risks from Middle East conflicts and inflation, which may influence its future investment strategies and market performance.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 988.170
Low
604.00
Averages
951.45
High
1100
Current: 988.170
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Goldman Sachs Sells Private Credit Shares at NAV
- Share Sale Overview: Goldman Sachs' private credit manager sold 3,372,858 Class I shares for approximately $83.19 million and 40,546 Class S shares for about $1 million, indicating active participation in the private market.
- Net Asset Value Performance: As of April 30, both Class I and S shares had a net asset value of $24.66 per share, reflecting Goldman Sachs' stability and investor confidence in its private credit offerings.
- Yield Analysis: Year-to-date returns as of April 30 were estimated at 1.7% for Class I shares and 1.0% for Class S shares, suggesting that Goldman Sachs' private credit products remain attractive in the current market environment.
- Market Environment Impact: Goldman Sachs' operations in the private credit market are intertwined with ongoing risks from Middle East conflicts and inflation, which may influence its future investment strategies and market performance.
See More
Goldman Sachs Asset Management to Acquire NOJA Power for $1B
- Acquisition Overview: One of the world's largest investment managers, Goldman Sachs Asset Management, has agreed to acquire Brisbane-based electrical equipment manufacturer NOJA Power for approximately $1 billion, a deal that attracted bids from major players like Blackstone and GE Vernova, highlighting the sector's investment appeal.
- Transaction Background: The acquisition follows a protracted sale process, with Goldman emerging as the winner among several competitors, and the deal is expected to be signed by mid-June, marking a significant expansion for Goldman in the electrical equipment sector.
- Market Impact Analysis: This acquisition will enhance Goldman Sachs' position in the electrical equipment market, likely driving technological innovation and market expansion for NOJA Power, thereby increasing its competitiveness in the global electrical equipment industry.
- Strategic Significance: By acquiring NOJA Power, Goldman not only integrates its resources and technology but also seizes the opportunity to expand its market share in the Asia-Pacific region, aligning with its long-term global investment strategy.
See More
Multiple Factors Impact Long-Term Borrowing Costs
- Rising Debt Burden: The ongoing increase in U.S. public debt is expected to swell further, raising concerns about long-term borrowing costs and impacting government financing capabilities and economic growth.
- Interest Rate Hike Expectations: Anticipation of potential interest rate hikes by the Federal Reserve has weakened demand for long-term bonds, resulting in rising yields that reflect investor caution regarding future economic conditions.
- AI Investment Impact: While the AI investment boom may enhance productivity in the long run, it exacerbates inflationary pressures in the short term, leading bond markets to demand higher returns on long-term debt, thereby affecting capital allocation.
- Global Economic Shifts: The balance between global saving and investment is reversing, resulting in rising interest rates and a more pessimistic outlook on future borrowing costs, which could influence fiscal policies and economic recovery across nations.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
Hedge Funds Shift Focus to Semiconductor Stocks
- Investment Trend Shift: According to Goldman Sachs, the weight of semiconductor stocks in hedge fund long portfolios has reached an all-time high, while the weight of software stocks has dropped to its lowest since 2019, indicating strong market confidence in the semiconductor sector.
- Popular Stock Additions: Hedge funds have increased their positions in semiconductor stocks such as Lam Research Corp, Applied Materials Inc, and ASML Holding, while mutual funds have added Intel Corp and SiTime Corp, reflecting a shift in capital towards technology hardware.
- Strong Shared Holdings Performance: Goldman noted that stocks like Boeing Co., Mastercard Inc., Marvell Technology Inc., and Visa Inc. have emerged as popular holdings in both hedge fund and mutual fund portfolios, outperforming the S&P 500 by 3 percentage points with a year-to-date return of 10%.
- Cash Allocation Adjustments: Despite mutual funds raising cash allocations amid rising geopolitical tensions from a record low of 1.1% at the start of 2026 to 1.4% at the beginning of April, cash balances as a share of assets remain extremely low relative to historical levels, reflecting market uncertainty.
See More
Analysis of Today's High CD Rates
- Current Highest Rate: The highest CD rate today is 4% APY, offered by Marcus by Goldman Sachs on a 14-month CD, attracting numerous savers and reflecting market demand for long-term deposits.
- Interest Earnings Example: If you invest $1,000 in a one-year CD at 1.52% APY, your balance at year-end would be $1,015.20, while a 4% APY CD would grow to $1,040.74, demonstrating the significant impact of higher rates on savings growth.
- Deposit Amount Impact: For a 4% APY CD, depositing $10,000 would yield a total balance of $10,407.42 at maturity, resulting in $407.42 in interest, emphasizing the positive correlation between deposit amounts and earnings.
- Diversity of CD Types: Beyond traditional CDs, the market offers various types such as Bump-up CDs, No-penalty CDs, and Jumbo CDs, which may require sacrificing some interest rates but provide greater flexibility to meet different savers' needs.
See More
Goldman Sachs Sells Private Credit Shares at NAV
- Share Sale Overview: Goldman Sachs' private credit manager sold 3,372,858 Class I shares for approximately $83.19 million and 40,546 Class S shares for about $1 million, indicating active participation in the private market.
- Net Asset Value Performance: As of April 30, both Class I and S shares had a net asset value of $24.66 per share, reflecting Goldman Sachs' stability and investor confidence in its private credit offerings.
- Yield Analysis: Year-to-date returns as of April 30 were estimated at 1.7% for Class I shares and 1.0% for Class S shares, suggesting that Goldman Sachs' private credit products remain attractive in the current market environment.
- Market Environment Impact: Goldman Sachs' operations in the private credit market are intertwined with ongoing risks from Middle East conflicts and inflation, which may influence its future investment strategies and market performance.
See More
Goldman Sachs Asset Management to Acquire NOJA Power for $1B
- Acquisition Overview: One of the world's largest investment managers, Goldman Sachs Asset Management, has agreed to acquire Brisbane-based electrical equipment manufacturer NOJA Power for approximately $1 billion, a deal that attracted bids from major players like Blackstone and GE Vernova, highlighting the sector's investment appeal.
- Transaction Background: The acquisition follows a protracted sale process, with Goldman emerging as the winner among several competitors, and the deal is expected to be signed by mid-June, marking a significant expansion for Goldman in the electrical equipment sector.
- Market Impact Analysis: This acquisition will enhance Goldman Sachs' position in the electrical equipment market, likely driving technological innovation and market expansion for NOJA Power, thereby increasing its competitiveness in the global electrical equipment industry.
- Strategic Significance: By acquiring NOJA Power, Goldman not only integrates its resources and technology but also seizes the opportunity to expand its market share in the Asia-Pacific region, aligning with its long-term global investment strategy.
See More
Multiple Factors Impact Long-Term Borrowing Costs
- Rising Debt Burden: The ongoing increase in U.S. public debt is expected to swell further, raising concerns about long-term borrowing costs and impacting government financing capabilities and economic growth.
- Interest Rate Hike Expectations: Anticipation of potential interest rate hikes by the Federal Reserve has weakened demand for long-term bonds, resulting in rising yields that reflect investor caution regarding future economic conditions.
- AI Investment Impact: While the AI investment boom may enhance productivity in the long run, it exacerbates inflationary pressures in the short term, leading bond markets to demand higher returns on long-term debt, thereby affecting capital allocation.
- Global Economic Shifts: The balance between global saving and investment is reversing, resulting in rising interest rates and a more pessimistic outlook on future borrowing costs, which could influence fiscal policies and economic recovery across nations.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
Hedge Funds Shift Focus to Semiconductor Stocks
- Investment Trend Shift: According to Goldman Sachs, the weight of semiconductor stocks in hedge fund long portfolios has reached an all-time high, while the weight of software stocks has dropped to its lowest since 2019, indicating strong market confidence in the semiconductor sector.
- Popular Stock Additions: Hedge funds have increased their positions in semiconductor stocks such as Lam Research Corp, Applied Materials Inc, and ASML Holding, while mutual funds have added Intel Corp and SiTime Corp, reflecting a shift in capital towards technology hardware.
- Strong Shared Holdings Performance: Goldman noted that stocks like Boeing Co., Mastercard Inc., Marvell Technology Inc., and Visa Inc. have emerged as popular holdings in both hedge fund and mutual fund portfolios, outperforming the S&P 500 by 3 percentage points with a year-to-date return of 10%.
- Cash Allocation Adjustments: Despite mutual funds raising cash allocations amid rising geopolitical tensions from a record low of 1.1% at the start of 2026 to 1.4% at the beginning of April, cash balances as a share of assets remain extremely low relative to historical levels, reflecting market uncertainty.
See More
Analysis of Today's High CD Rates
- Current Highest Rate: The highest CD rate today is 4% APY, offered by Marcus by Goldman Sachs on a 14-month CD, attracting numerous savers and reflecting market demand for long-term deposits.
- Interest Earnings Example: If you invest $1,000 in a one-year CD at 1.52% APY, your balance at year-end would be $1,015.20, while a 4% APY CD would grow to $1,040.74, demonstrating the significant impact of higher rates on savings growth.
- Deposit Amount Impact: For a 4% APY CD, depositing $10,000 would yield a total balance of $10,407.42 at maturity, resulting in $407.42 in interest, emphasizing the positive correlation between deposit amounts and earnings.
- Diversity of CD Types: Beyond traditional CDs, the market offers various types such as Bump-up CDs, No-penalty CDs, and Jumbo CDs, which may require sacrificing some interest rates but provide greater flexibility to meet different savers' needs.
See More
