Goldman Sachs’ reliance on longer-term institutional investors has helped its $15.7bn private credit fund weather the retail-driven withdrawals affecting much of the sector this year, according to a report by Bloomberg.
The fund, a non-traded business development company, saw first-quarter redemptions of just under 5% of its outstanding shares – well below the levels faced by peers such as Blue Owl Capital.
The retreat of retail capital is creating opportunities for institutions like Goldman Sac...
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