Goldman private credit fund defies industry elevated withdrawal trend yet again
GS•Goldman Sachs’ $18.2 billion GS Credit fund received requests to redeem 2% of shares in its third-quarter tender offer, down from 3.2% in the prior quarter. The fund said it generated roughly $400 million in gross inflows during the quarter.
1. Redemption requests ease
Investors sought to redeem 2% of shares in GS Credit’s third-quarter tender offer, compared with 3.2% in the prior quarter. Repurchase requests have stayed below the fund’s customary 5% limit since inception.
2. Industry and fund details
Withdrawal requests at the largest non-traded private credit funds have ranged from 10% to more than 16% in third-quarter tender offers disclosed so far. Goldman said concerns about software-related credit quality that dominated headlines earlier in 2026 had begun to moderate. GS Credit’s Class I shares had delivered a roughly 9.4% total return since inception through August 31, 2026.
