Goldman's $18B Private Credit Fund Sees Redemption Requests Drop to 2%
GS sits 24% above its 52-week low of $740.01.
Summary
Goldman's $18.2B GS Credit fund reported Q3 tender offer redemption requests of just 2% of shares, down from 3.2% last quarter and well below the 5% limit. This contrasts sharply with rivals where requests hit 10-16%. The fund also pulled in roughly $400M of gross inflows and its Class I shares returned 9.4% since inception. The easing redemption pressure reflects moderating software credit concerns and strong private wealth investor loyalty. Blue Owl's data is expected in coming days, which will show whether the industry-wide easing continues.
At the time of this announcement, GS was trading at $917.11 on NYSE in the Finance sector, with a market capitalization of approximately $266.8B. The 52-week trading range was $740.01 to $1,153.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.