Goldman Sachs MLP and Energy Renaissance Fund
GER
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- Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) is a closed-end management investment company that seeks a high level of total return with an emphasis on current distributions to shareholders by investing primarily in master limited partnerships (MLPs) and other energy investments. The Fund invests at least 80% of its managed assets in MLPs engaged across the energy value chain, including midstream activities such as the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, and termining of natural gas, natural gas liquids, crude oil, refined products, or coal; upstream exploration, recovery, development, and production of crude oil, natural gas, and natural gas liquids; and downstream processing, treatment, refining, marketing, and end-customer distribution of natural gas liquids and crude oil; as well as related energy companies across all market capitalizations, with a particular focus on midstream MLPs, and up to 20% in U.S. and non-U.S. equity, fixed income securities, and derivatives. It employs fundamental and quantitative analysis with a bottom-up stock selection approach, benchmarking performance against the Alerian MLP Index Total Return, and utilizes leverage through credit facilities representing up to approximately 27.5% of managed assets. Launched on September 26, 2014, and domiciled in the United States with management by Goldman Sachs Asset Management L.P.'s Energy & Infrastructure Team, the Fund concentrates operations in U.S. public equity markets of the energy sector, targeting institutional and individual investors seeking energy infrastructure exposure. In June 2023, the Fund's Board of Trustees approved a plan of liquidation and dissolution at the recommendation of Goldman Sachs Asset Management, leading to the orderly liquidation of portfolio assets, a 55% dividend increase, share buybacks retiring 15% of outstanding shares prior to closure, and final liquidating distributions to shareholders, with the last distribution of $0.291 per common share announced on May 30, 2025, pursuant to the plan effective for shareholders of record as of July 10, 2023; the Fund completed its liquidation process thereafter, departing from its investment objective during wind-down.