Goldman Says It’s Unlike Private Credit Peers Hit by Redemptions

Goldman Sachs Group Inc.’s asset management arm has sought to reassure clients that redemption rates and software exposure are both relatively low in one of its biggest retail-oriented private credit funds.

As the $1.8 trillion industry grapples with heightened risk of investor withdrawals from retail funds and scrutiny over borrowers — especially the companies under pressure from the rise of artificial intelligence — the Wall Street firm distanced itself from its peers in a detailed letter Thursday.

The firm said enterprise software exposure in Goldman Sachs Private Credit Corp. was about 15.5% at the end of the third quarter, ...