Goldman Sachs Alternatives, part of Goldman Sachs (NYSE: GS), announced that its evergreen European private credit strategy (GSEC) has raised more than $6 billion of total assets, following the strategy’s launch in October 2023.
GSEC sits within the firm’s $142 billion private credit platform which has been an “active participant in the European direct lending market since 1996.”
The strategy’s investment objective is to “generate current income by making investments predominantly in cash pay, floating rate and directly originated loans to borrower companies located primarily in Europe, employing a “buy-and-hold” strategy.”
This is an extension of Goldman Sachs Private Credit’s approach to partnering with “sponsors and borrowers, globally.”
To date, subscriptions into the fund have been “raised from a diverse investor base including third party distributors, family offices, private wealth clients, sophisticated institutions and also comprises commitments from Goldman Sachs employees.”
James Reynolds, Global Co-Head of Private Credit at Goldman Sachs Alternatives, said:
“We believe that this milestone is representative of the opportunity-set within the European direct lending market and our differentiated positioning within that landscape. Our global scale, experience and longevity continue to drive the partnerships that allow us to focus on building stable portfolios for our clients.”
Stephanie Rader, Global Co-Head of Alternatives Capital Formation at Goldman Sachs Alternatives, said:
“As appetite for evergreen products continues to grow globally, we are actively engaging with our existing and prospective client base on the various aspects of partnership, including education, that go hand in hand with these offerings.”
Goldman Sachs is reportedly one of the largest “investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience.”
The business invests in the full “spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds.”
Clients access these solutions through “direct strategies, customized partnerships, and open-architecture programs.”
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers “investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals.”
Goldman Sachs has approximately “$3.3 trillion in assets under supervision globally as of June 30, 2025.”
Established in 1996, Private Credit at Goldman Sachs Alternatives is one of the world’s “largest private credit investors with $142 billion in assets across direct lending, mezzanine debt and hybrid capital.”
