{"id":9,"date":"2026-04-06T12:31:47","date_gmt":"2026-04-06T12:31:47","guid":{"rendered":"https:\/\/ysochannel.com\/?p=9"},"modified":"2026-04-06T12:36:49","modified_gmt":"2026-04-06T12:36:49","slug":"goldman-sachs-private-credit-fund-defies-redemption-surge-across-industry","status":"publish","type":"post","link":"https:\/\/ysochannel.com\/?p=9","title":{"rendered":"Goldman Sachs private credit fund defies redemption surge across industry"},"content":{"rendered":"\n

April 6 (Reuters) – Goldman Sachs’ (GS.N), opens new tab<\/a> private credit fund said on Monday investors requested to repurchase just under 5% of shares in the first quarter, staying within its cap and defying a broader rise in redemption requests across the \u200bsector.<\/p>\n\n\n\n

Fears that artificial intelligence could erode the earnings power of software companies and weaken their ability to \u200crepay loans are spreading through the private credit industry, a key lender to the technology sector, prompting investors to reassess their exposure, redemption risks and fundraising prospects.<\/p>\n\n\n\n

Several asset managers have capped redemptions at the standard 5% quarterly limit after a recent surge in withdrawal requests, driven by negative headlines \u200bthat have put the roughly $2 trillion private credit industry under scrutiny over lending standards, valuations and transparency.<\/p>\n\n\n\n

Goldman\u2019s ability \u200bto meet all redemption requests while remaining below its cap suggests stress is not uniform across \u2060the sector, with investors continuing to back managers they view as better positioned to weather volatility.<\/p>\n\n\n\n

The Wall Street firm said \u200bthe redemption requests, which were fulfilled and below its quarterly repurchase cap, were the only ones among peers to come in \u200bbelow the limit.<\/p>\n\n\n\n

NOT ALL THE SAME<\/h2>\n\n\n\n

Shares of alternative asset managers have sold off this year as concerns over risks in private credit weigh on \u200bsentiment. Morgan Stanley (MS.N), opens new tab<\/a>, BlackRock (BLK.N), opens new tab<\/a> and Apollo Global (APO.N), opens new tab<\/a> are among those that have capped redemptions in recent weeks.<\/p>\n\n\n\n

Goldman said it operates \u200bin the same market as other BDCs and is not insulated from industry dynamics, but has diversified its capital sources by maintaining an \u200cinstitutionally \u2060oriented private credit platform.<\/p>\n\n\n\n

“While retail and some wealth management investors are pulling back from private credit, we believe many institutional investors are recognizing this dislocation as an attractive entry or re-entry point into the asset class,” the Wall Street firm added.<\/p>\n\n\n\n

PROACTIVELY LOOKING AT AI<\/h2>\n\n\n\n

Investors have \u200bbeen grappling with the prospect \u2060of AI disruption for weeks, with growing concern that the technology has shifted from an efficiency and productivity tailwind for the software sector to a potential existential threat.<\/p>\n\n\n\n

Goldman said it has \u200bbeen assessing the impact of AI on the software sector for years, adding that \u200bit passed on \u2060its first deal due to such concerns in October 2023 and rolled out an internal framework to evaluate AI disruption risk in early 2025.<\/p>\n\n\n\n

“While we approach the topic of AI with humility and will continue to evolve and pressure-test our framework as new datapoints \u2060emerge, \u200bwe believe the impacts of AI (both negative and positive) will be nuanced and \u200bcompany-specific,” the Wall Street giant said.<\/p>\n","protected":false},"excerpt":{"rendered":"

April 6 (Reuters) – Goldman Sachs’ (GS.N), opens new tab private credit fund said on Monday investors requested to repurchase just under 5% of shares in the first quarter, staying within its cap and defying a broader rise in redemption requests across the \u200bsector. Fears that artificial intelligence could erode the earnings power of software companies and … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/posts\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ysochannel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9"}],"version-history":[{"count":1,"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/posts\/9\/revisions"}],"predecessor-version":[{"id":10,"href":"https:\/\/ysochannel.com\/index.php?rest_route=\/wp\/v2\/posts\/9\/revisions\/10"}],"wp:attachment":[{"href":"https:\/\/ysochannel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ysochannel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ysochannel.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}