Goldman to offer equity using new lending fund

Goldman Sachs is planning to directly offer equity using a new middle-market business development corporation (BDC) that opened at the end of 2018, as interest in direct lending continues to tick up and the economic cycle stretches toward its conclusion.

  • By Alexander Saeedy
  • 06 May 2019

According to recent regulatory filings, Goldman Sachs Private Middle Market Credit II will invest the majority of its capital in securities that “will generally not be rated by any rating agency, and if they were rated, they would be below investment grade”.

It also intends to target lending opportunities ...

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