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00:02Goldman Sachs' private credit fund said investors requested to repurchase just under 5% of
00:07shares in the first quarter, which the fund fulfilled and remained below its quarterly
00:11cap, according to Reuters.
00:13The firm said the results show GS Credit is well-positioned compared with the broader,
00:18non-traded business development community, according to a regulatory finding.
00:22The update came as concerns about artificial intelligence impacting software earnings and
00:27loan repayments spread through private credit markets.
00:30Asset managers have capped redemptions after a rise in withdrawal requests tied to negative
00:34headlines about lending standards, valuations, and transparency.
00:38Goldman Sachs said the fund generated about $823 million from repayments and portfolio sales,
00:45up from $669 million in the prior quarter.
00:48For all things money, visit Benzinga.com.
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