Goldman Sachs Alternatives’ Evergreen European Private Credit Strategy Surpasses $6B in AUM 

Goldman Sachs Alternatives announced that its evergreen European private credit strategy (GSEC) has surpassed $6 billion in total assets, less than a year after its launch in October 2023. 

GSEC is part of Goldman Sachs’ $142 billion private credit platform, one of the largest globally, and leverages the firm’s long-standing presence in European direct lending, where it has been active since 1996. The strategy aims to generate current income through a buy-and-hold approach, focusing on cash-pay, floating-rate, directly originated loans to borrower companies primarily located in Europe. 

The strategy has attracted a diverse investor base, including third-party distributors, family offices, private wealth clients, institutions, and Goldman Sachs employees. 

“We believe that this milestone is representative of the opportunity set within the European direct lending market and our differentiated positioning within that landscape,” said James Reynolds, Global Co-Head of Private Credit at Goldman Sachs Alternatives. 

“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,” added Stephanie Rader, Global Co-Head of Alternatives Capital Formation.