Goldman Sachs BDC vs Virtus

Goldman Sachs BDC Inc and Virtus Investment Partners, Inc. This page compares their business models, potential drivers of revenue, financial performance, and market context, in a neutral, accessible manner. Readers can explore similarities and differences to understand how each firm positions itself within the market. Educational content, not financial advice.

Goldman Sachs BDC Inc and Virtus Investment Partners, Inc. This page compares their business models, potential drivers of revenue, financial performance, and market context, in a neutral, accessible m...

Comparison Snapshot

Key Financial Metrics

GSBD

Metric

VRTS

$1.06B

Market Cap

$1.10B

5.27%

Potential Profit

7.91%

Hold

Analyst Rating

Hold

Investment Analysis

Goldman Sachs BDC

GSBD

Pros

Goldman Sachs BDC consistently generates solid earnings per share, beating estimates with a 6.7%-12% EPS surprise in recent quarters.
The company's investment portfolio is highly secured, with 98.2% senior secured debt and a strong focus on first lien investments.
It maintains a high dividend yield, recently announcing a quarterly base dividend of $0.32 and a supplemental dividend of $0.04 per share.

Considerations

Net asset value per share has been declining, showing a 2.1% drop from $13.02 to $12.75 in Q3 2025, indicating some portfolio valuation pressure.
Revenue slightly missed or only modestly exceeded expectations, reflecting softer total investment income compared to projections.
The company faces a significant discount to net asset value of about 24.6%, reflecting investor concerns on earnings declines and NAV shrinkage.

Virtus

VRTS

Pros

Virtus Investment Partners has demonstrated strong growth in assets under management, supporting fee income expansion.
The company benefits from a diversified product suite across asset management and investment advisory.
Virtus' management has executed strategic acquisitions to expand its market presence and scale.

Considerations

Exposure to volatile market conditions could impact fee-related revenues and profitability.
Integration risks remain from recent acquisitions, which could affect execution and cost synergies.
Competition in asset management is intense, creating margin pressure and challenges to sustain above-average growth.

About The Companies

Goldman Sachs BDC (GSBD)

Goldman Sachs BDC Inc (GSBD) is a publicly listed business development company managed by an experienced asset manager. It focuses on lending to and investing in middle-market companies, typically through senior secured loans, mezzanine financings and occasional equity participations. GSBD aims to deliver income to shareholders via interest, fees and realised gains, but its share price can be volatile and dividends are not guaranteed. With a market capitalisation around $1.13bn, it may appeal to investors seeking yield and exposure to private-company credit — provided they are comfortable with credit risk, leverage, and potential liquidity constraints. Key considerations include the credit quality of the loan portfolio, manager performance, the interest-rate environment and regulatory factors. This summary is for educational purposes only and is not personalised investment advice; any decision should follow your own research or consultation with a financial adviser.

Virtus (VRTS)

Virtus Investment Partners, Inc. is an American financial company that provides a broad range of investment management and related services. It caters to both institutional clients, like pension funds and other large organisations, and individual investors. The firm offers a diverse suite of investment strategies across various asset classes, including equities, fixed income, and alternatives. This diversification extends to different geographies (from domestic to emerging markets) and investment styles (such as growth, value, and core). Its products are distributed through multiple channels, including open-end and closed-end funds for retail customers, and separate accounts for larger institutional clients. This multi-faceted approach allows Virtus to serve a wide segment of the investment community. As with any investment management firm, its performance is closely tied to the fluctuations of financial markets, and the value of assets under management can rise and fall.

Which Baskets Do They Appear In?

Private Market Liquidity: Could Goldman's Move Signal?

Goldman Sachs' acquisition of Industry Ventures for nearly $1 billion signals a strategic push by major financial players into the growing venture capital secondary market. This development suggests a broader investment opportunity among asset managers and service providers poised to benefit from the increasing demand for liquidity in private markets.

Published: October 14, 2025

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Banks in Private Credit

This carefully selected group of stocks captures the trillion-dollar shift as traditional banks enter the private lending arena. Our professional analysts have identified key Business Development Companies (BDCs) and specialized funds that stand to benefit from this growing financial trend.

Published: July 15, 2025

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Wall Street's Private Credit Push

This carefully selected group of stocks represents companies positioned to benefit from the major shift toward private credit on Wall Street. Professional investors have identified these Business Development Companies as potential winners from JPMorgan's strategic move into alternative lending, which could drive new partnerships and increased deal flow.

Published: July 15, 2025

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Which Baskets Do They Appear In?

Private Market Liquidity: Could Goldman's Move Signal?

Goldman Sachs' acquisition of Industry Ventures for nearly $1 billion signals a strategic push by major financial players into the growing venture capital secondary market. This development suggests a broader investment opportunity among asset managers and service providers poised to benefit from the increasing demand for liquidity in private markets.

Published: October 14, 2025

Explore Basket

Banks in Private Credit

This carefully selected group of stocks captures the trillion-dollar shift as traditional banks enter the private lending arena. Our professional analysts have identified key Business Development Companies (BDCs) and specialized funds that stand to benefit from this growing financial trend.

Published: July 15, 2025

Explore Basket

Wall Street's Private Credit Push

This carefully selected group of stocks represents companies positioned to benefit from the major shift toward private credit on Wall Street. Professional investors have identified these Business Development Companies as potential winners from JPMorgan's strategic move into alternative lending, which could drive new partnerships and increased deal flow.

Published: July 15, 2025

Explore Basket

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Comparison Snapshot

Investment Analysis

Goldman Sachs BDC

Pros

Considerations

Virtus

Pros

Considerations

About The Companies

Which Baskets Do They Appear In?

Private Market Liquidity: Could Goldman's Move Signal?

Banks in Private Credit

Wall Street's Private Credit Push

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Private Market Liquidity: Could Goldman's Move Signal?

Banks in Private Credit

Wall Street's Private Credit Push

Buy GSBD or VRTS in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

Comparison Snapshot

About The Companies