Goldman Sachs Bdc, Inc., Goldman Sachs Middle Market Lending Corp. Ii, Goldman Sachs Private Middle Market Credit Ii Llc and Goldman Goldman Sachs Private Middle Market Credit Llc Announces Executive Changes, Effective on or About August 10, 2022
May 17, 2022 at 05:06 pm EDT
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Goldman Sachs BDC, Inc. announced that Carmine Rossetti notified his intention to resign from his position as Treasurer of the Company to pursue a new professional opportunity. Mr. Rossetti will cease serving as the Company's Treasurer, effective on or about August 10, 2022. In addition, on May 12, 2022, Mr. Rossetti also notified each of Goldman Sachs Private Middle Market Credit LLC (GS PMMC), Goldman Sachs Private Middle Market Credit II LLC (GS PMMC II) and Goldman Sachs Middle Market Lending Corp.
II (GS MMLC II) of his intention to resign as the principal financial officer, Chief Financial Officer and Treasurer of GS PMMC, GS PMMC II and GS MMLC II, respectively, in each case effective on or about August 10, 2022. Mr. Rossetti's resignation is not the result of any disagreement with the Company. To assist in an orderly transition, Mr. Rossetti will continue serving in his current role during the transition period.
On May 16, 2022, the board of directors of the Company appointed David Pessah as Treasurer on or about August 10, 2022. Mr. Pessah was also appointed as the Company's Treasurer succeeding Mr. Rossetti, effective on or about August 10, 2022. Mr. Pessah will also continue to serve as the Company's principal accounting officer.
Mr. Pessah was also appointed as Treasurer of GS PMMC, GS PMMC II and GS MMLC II, in each case effective on or about August 10, 2022.
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.