Goldman's Private Credit Fund Sees Just 3.2% Redemptions as Industry Hits Turbulence

Goldman Sachs (NYSE: GS ) private credit fund received redemption requests totaling about 3.24% of outstanding shares in the second quarter, staying below its 5% quarterly repurchase cap. The firm honored all redemption requests in full and added $275 million in gross inflows during the quarter, Goldman compared its experience with that of other large managers of non-traded business development companies, a structure that typically invests client capital in private loans. Read Also: Anthropic Debuts Claude Sonnet 5 As Agentic AI Push Goes Mainstream Among the biggest non-traded BDC platforms that have shared second-quarter figures so far, repurchase demand has "generally ranged from approximately 10% to nearly 17% of shares outstanding," Goldman wrote. Goldman also laid out why it thinks established software firms can defend their positio...