Goldman Sachs BDC Posts Q2 Earnings Beat as Leverage Falls

Goldman Sachs BDC reported a net investment income of $0.38 per share for Q2, up from the prior quarter due to higher investment income and no incentive fee.

The company's leverage decreased after repayments and sales exceeded new investments, with pro forma net debt-to-equity near 1.2x. This lower leverage may enable renewed stock repurchases under its existing $75 million authorization and support additional deployment as deal activity improves.

Credit quality showed modest improvement: non-accrual investments fell to 2.9% of fair value from 3.2%, and one borrower returned to accrual status.