Goldman Sachs BDC, Inc. Common Stock (GSBD)

Competitors to Goldman Sachs BDC, Inc. Common Stock (GSBD)

Ares Capital Corporation 

Ares Capital Corporation is one of the largest business development companies (BDCs) in the U.S., specializing in offering debt and equity investments to middle-market companies. GSBD and ARCC compete for the same investment opportunities, particularly in the private sector, where both firms seek to provide financing solutions to companies in need of capital. Ares has a well-established presence and a larger asset base, potentially giving them an advantage in sourcing attractive deals and enhancing their negotiation power.

BlackRock TCP Capital Corp. 

BlackRock TCP Capital Corp., like GSBD, invests in the debt of middle-market companies, aiming to generate high levels of income for its investors. They compete on the basis of portfolio diversification, investment strategy, and management reputation. While GSBD might have the backing of Goldman Sachs’ brand and resources, TCP leverages BlackRock's asset management expertise, which can lead to more reliable returns and superior operational efficiencies. This means that TCP may hold an advantage among investors seeking asset management prowess.

Investcorp Credit Management BDC, Inc. 

Investcorp Credit Management BDC, Inc. is involved in providing financing to U.S. middle-market companies, making it competitive with GSBD in terms of targeting similargrowth segments. Both companies are involved in the same asset class, but Investcorp emphasizes not just loans but also equity investments in these companies. Its global expertise in private equity could present it an advantage in identifying profitable investment opportunities more effectively than GSBD.

Main Street Capital Corporation 

Main Street Capital Corporation primarily focuses on providing debt and equity capital to lower middle-market companies. Both GSBD and MAIN target similar market segments; however, Main Street Capital differentiates itself through its emphasis on value creation and more conservative leverage, which can appeal to investors seeking stability. Main Street's strategic focus on generating higher yield investments gives it a competitive edge in attracting income-oriented investors.

Oaktree Specialty Lending Corporation 

Oaktree Specialty Lending Corporation focuses on high yield investments within the specialty finance space, similar to GSBD's strategy. Oaktree's substantial experience in distressed credit investing and dedicated focus on generating high returns through its risk-adjusted approach creates a strong competitive environment. Oaktree's brand recognition in credit markets and strategic partnerships gives it a slight edge in attracting institutional investors looking for specialized lending opportunities.