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Goldman Sachs Wants In on This Billion-Dollar Business

By Matt Koppenheffer and David Hanson - Apr 2, 2013 at 1:11PM

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NYSE: GS

The Goldman Sachs Group, Inc.

Market Cap

$104B

Today's Change

(3.20%) $9.81

Current Price

$316.61

Price as of May 23, 2022, 4:00 p.m. ET

Could this new business for Goldman Sachs bring home big returns for investors?

Goldman Sachs (GS 3.20%) has filed paperwork to found a business development company, which will be called Goldman Sachs Liberty Harbor Capital. Companies in this space such as Prospect Capital (PSEC 1.08%) and American Capital (NASDAQ: ACAS) are known for high dividend yields, though American Capital's dividend was suspended during the financial crisis. This leaves investors asking, should I buy Goldman Sachs Liberty Harbor Capital the moment I have a chance? In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss what a business development company is, why it could be appealing, and whether or not they're buying.

Stocks Mentioned

The Goldman Sachs Group, Inc.

$316.61 (3.20%) $9.81

Prospect Capital Corporation

PSEC

$7.47 (1.08%) $0.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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