Goldman Sachs’ (GS) business development company, Goldman Sachs BDC (GSBD), has seen its per share value slide for seven straight quarters due to souring loans, AnnaMaria Andriotis of Wall Street Journal reports. The paper notes that BDC’s total assets are about $3.4B of the $162B that Goldman’s private-credit business manages. Goldman executives looked into BDC’s portfolio and told colleagues that the loans had underwriting issues, according to former Goldman private-credit employees, reports Andriotis.
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