Goldman Sachs' private credit fund said on the 29th that investor redemption requests declined further in the third quarter. The GS Credit fund, with 18.2 billion dollars in assets under management, saw redemption requests in the third quarter amount to just 2% of net assets, down from 3.2% in the previous quarter. Redemption requests for the fund have remained below the customary 5% cap since its inception. Meanwhile, third-quarter redemption requests at large publicly disclosed private credit funds have come in at 10% to more than 16%, and data for funds under Blue Owl is expected to be published within days. GS Credit said concerns over the credit quality of software-related lending, which drew heavy coverage in 2026, are beginning to ease, noting that the first-quarter view of a "SaaS apocalypse" and second-quarter uncertainty over corporate software spending drove a sharp widening of spreads, but conditions changed significantly in the third quarter.
Goldman Sachs Group IncGS Credit's Q3 redemption requests fell to 2% of net assets, well below the 5% cap and far under peers' 10-16%, signaling strong investor confidence in Goldman's private credit fund.
