Goldman Sachs Predicts $55B Net Equity Buying and Holds Private Credit Redemptions Below 5% Cap
Goldman Sachs trading desk estimates systematic strategies sold $240B global equities last month but could flip to net buying $55B over the next month, including $20B in US stocks. The firm’s $15.7B Private Credit Corp. limited redemptions to 4.999%, posted $1.04B net inflows and 0.4% return.
1. Systematic Equity Flow Outlook
Goldman Sachs’ trading desk reports that commodity trading advisers and volatility-targeting strategies sold about $240 billion of global equities over the past month but could shift to net buying $55 billion in the next month, including $20 billion in US stocks and $5 billion in the coming week. The firm’s model indicates an 8% S&P 500 rise could boost systematic purchases to $220 billion, while a 10% drop might trigger an additional $110 billion of selling, with a 6,720 to 6,740 index range flagged as a key reversal zone.
2. Private Credit Redemption and Performance
Goldman Sachs’ $15.7 billion Private Credit Corp. limited first-quarter redemption requests to 4.999% of outstanding shares, just below the 5% cap, and delivered $1.04 billion of positive net inflows. The fund generated a 0.4% return through February as institutional-oriented capital and wider lending spreads supported a more disciplined deployment, contrasting with peers facing heavier withdrawal pressures.