Goldman Sachs’ private credit fund, GS Credit, has reported that investors sought to repurchase roughly 3.24% of its total shares in the second quarter. This extends the fund’s streak of lower redemptions compared to most other players in the private credit industry.
Industry Context
The private credit sector has been grappling with elevated redemption requests, driven by investor fears that AI could weaken the earnings of software companies and their ability to repay loans. However, several analysts and technology companies have argued that concerns about AI’s impact on the software sector are overblown.
Goldman said second-quarter repurchase requests were below its 5% quarterly repurchase cap and were fulfilled in full. The Goldman fund generated roughly $275 million of gross inflows during the second quarter.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
