GS · News · 20260806N

Private Credit Deployment Trends

GOLDMAN SACHS GROUP INC · 2026-08-06 · Importance 20 · Surprise 24

Goldman Sachs BDC reported a significant slowdown in investment deployment during Q2 2026, reflecting reduced M&A activity and caution in the software sector. The portfolio remained defensive with strong liquidity, but investors expressed concerns about portfolio quality, borrower leverage, non-accrual trends, and financing costs. GSBD expects deployment activity to increase in the second half of 2026, indicating softer near-term demand for private-credit financing.

Key facts

• Goldman Sachs BDC reported Q2 2026 total investment income of $83.7 million and diluted EPS of $0.21, driven by $18.5 million in net realized and unrealized investment losses and resulting in a sequential decrease in NAV per share. source