GS

Goldman Sachs Bank USA

North America, New York, United States, New York

Description

Goldman Sachs, a globally recognized financial institution, operates through various entities, with "Goldman Sachs Bank USA" serving as a key banking subsidiary. However, the firm's extensive investment activities, particularly in venture capital, growth equity, and private equity, are primarily conducted through its Goldman Sachs Asset Management (GSAM) division. GSAM is a formidable investor with a long-standing history of backing innovative companies across diverse sectors. The firm leverages its vast network, deep industry expertise, and significant capital resources to support the growth and expansion of its portfolio companies.

Goldman Sachs's investment strategy is broad, encompassing various stages, but they are particularly prominent in later-stage growth equity and private equity rounds. They target companies demonstrating strong growth potential, proven business models, and significant market opportunities. Their sector focus is expansive, including technology, healthcare, financial services, consumer, and industrials, reflecting their diversified approach to identifying high-potential investments. The firm is known for providing not just capital but also strategic guidance, operational support, and access to their global network, helping portfolio companies scale and achieve market leadership.

As a leading global asset manager, Goldman Sachs Asset Management oversees a substantial portfolio, managing over $2.8 trillion in assets as of the fourth quarter of 2023. Their typical first cheque for growth equity and private equity investments generally ranges from $25 million to $250 million, reflecting their commitment to substantial capital deployment in promising enterprises. While they may participate in smaller, strategic investments, their core focus lies in providing significant capital to fuel the expansion of established, high-growth businesses. This robust financial backing, combined with their strategic insights, positions Goldman Sachs as a powerful partner for companies seeking to accelerate their development and achieve significant milestones.

Investor Profile

Goldman Sachs Bank USA has backed more than 20 startups, with 5 new investments in the last 12 months alone. The firm has led 9 rounds, about 45% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Post Ipo Debt rounds (top funding stages).
  • Majority of deals are located in United States, Bermuda.
  • Strong thematic focus on Financial Services, Real Estate, Commercial.
  • Led 2 rounds in the past year.
  • Typical check size: $25M – $250M.

Stage Focus

  • Debt Financing (60%)
  • Post Ipo Debt (40%)

Country Focus

  • United States (95%)
  • Bermuda (5%)

Industry Focus

  • Financial Services
  • Real Estate
  • Commercial
  • Information Services
  • Information Technology
  • Infrastructure
  • Aerospace
  • Payments
  • Event Management
  • Events
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Goldman Sachs Bank USA frequently co-invest with?

Mizuho Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 2
Truist
North America, North Carolina, United States, Charlotte
Co-Investments: 2
MS
North America, New York, United States, New York
Co-Investments: 2
Royal Bank of Canada
North America, Ontario, Canada, Toronto
Co-Investments: 2
Fifth Third Bank
North America, Ohio, United States, Cincinnati
Co-Investments: 2
TD Securities
North America, Ontario, Canada, Toronto
Co-Investments: 2
Credit Agricole CIB
Europe, Ile-de-France, France, Paris
Co-Investments: 2
MUFG Bank
Asia, Tokyo, Japan, Tokyo
Co-Investments: 4
JP Morgan Chase
North America, New York, United States, New York
Co-Investments: 6
Citibank
North America, Texas, United States, San Antonio
Co-Investments: 2

What are some of recent deals done by Goldman Sachs Bank USA?

Hercules Capital

San Mateo, California, United States

Hercules Capital is a finance company that provides loans to venture capital companies in sectors like technology and life sciences.

Commercial LendingFinancial ServicesLendingVenture Capital
Post Ipo DebtJun 11, 2025
Amount Raised: $350,000,000
Sarepta Therapeutics

Cambridge, Massachusetts, United States

Sarepta Therapeutics focuses on the discovery and development of precision genetic medicine to treat rare diseases.

BiotechnologyGeneticsHealth CareTherapeutics
Post Ipo DebtFeb 14, 2025
Amount Raised: $600,000,000
Terreno

San Francisco, California, United States

Terreno Realty Corporation (Terreno) focuses on acquiring on acquiring, owning and operating industrial real estate

FinanceMarketingReal Estate
Post Ipo DebtSep 9, 2024
Amount Raised: $800,000,000
Chuck E. Cheese

Irving, Texas, United States

Chuck E. Cheese organizes events for children with games, rides, prizes, food, and entertainment activities.

Event ManagementEventsFood and BeverageGamingHospitalityNon ProfitSports
Debt FinancingAug 13, 2024
Amount Raised: $100,000,000
Chuck E. Cheese

Irving, Texas, United States

Chuck E. Cheese organizes events for children with games, rides, prizes, food, and entertainment activities.

Event ManagementEventsFood and BeverageGamingHospitalityNon ProfitSports
Debt FinancingAug 9, 2024
Amount Raised: $100,000,000
Tillman FiberCo

New York, New York, United States

Tillman FiberCo is a builder and operator of FTTP networks that provide clients with internet access and services.

InternetTelecommunications
Debt FinancingJul 17, 2024
Amount Raised: $1,000,000,000
Elme Communities

Washington, District of Columbia, United States

Elme Communities is a real estate firm that offers residential apartments and community services.

CommunitiesReal EstateResidential
Post Ipo DebtJul 11, 2024
Amount Raised: $500,000,000
Stream Financial

Collegeville, Pennsylvania, United States

Stream Financial collaborates with merchant partners to create financial solutions that promote energy-efficient home improvements.

CreditFinancial Services
Debt FinancingJun 13, 2024
Amount Raised: $400,000,000
First Solar

Tempe, Arizona, United States

First Solar manufactures thin film photovoltaic modules and provides PV power plants and supporting services.

Clean EnergyManufacturingSolar
Post Ipo DebtJul 6, 2023
Amount Raised: $1,000,000,000
Navan

Palo Alto, California, United States

Navan provides travel, expense, and corporate card management to automate manual processes and drive spend visibility.

Business TravelCustomer ServiceFinancial ServicesPaymentsSoftware
Debt FinancingDec 8, 2022
Amount Raised: $400,000,000