Goldman Sachs Group Inc. says a reliance on stickier, more patient institutional investors, rather than wealthy individuals, helped its $15.7 billion private credit fund narrowly escape the broader exodus plaguing peers this year.
Now, it’s looking to capitalize on the retreat of retail money to swoop in while rivals pull back.
Goldman Sachs Private Credit Corp., which manages a so-called non-traded business development company, met redemption requests in the first quarter amounting to 4.999% of its outstanding shares, according to a filing on Monday. That contrasts with peers including Blue Owl Capital Inc. that saw redemption requests dramatically higher ...
