Goldman Reassures Clients About Private Credit Fund

Goldman Sachs Asset Management said Thursday that redemption rates and enterprise-software exposure in its retail-oriented private credit fund are relatively low, citing a 3.5% fourth-quarter redemption rate and 15.5% software exposure at end-Q3. The firm noted its $188 billion alternative credit platform is diversified, including 17% in its US BDC complex, and defended underwriting standards amid AI-related borrower scrutiny.