Goldman Sachs Launches Private Credit CIT for Retirement Plans
Goldman Sachs Asset Management has unveiled plans for a new private credit collective investment trust (CIT) tailored for defined contribution (DC) retirement plans. The Goldman Sachs Collective Trust – Private Credit Fund aims to offer plan participants exposure to private credit strategies through a vehicle specifically structured for long-term retirement objectives.
The new fund will be featured within Great Gray Trust Company’s Panorix Target Date Series, a next-generation retirement solution that blends institutional-grade public and private market exposure. Developed in partnership with BlackRock, Wilshire Advisors, and Goldman Sachs, the Panorix series seeks to bring the sophistication of endowment-style investing to everyday savers.
“This solution is designed to meet the practical needs of retirement plans,” said Greg Wilson, global head of retirement at Goldman Sachs Asset Management.
The GS Private Credit CIT will allocate across a diversified set of private credit strategies, including North American and European direct lending, as well as private placements. A dedicated liquidity sleeve will ensure that the fund can meet the daily cash flow needs typical of DC plans, making it suitable for inclusion in target-date funds, CIT-based managed accounts, and multi-manager fixed income portfolios.
“Adding private credit completes the vision behind Panorix,” said Rob Barnett, CEO of Great Gray. “This is a purpose-built solution that unifies institutional-quality public and private markets in one seamless retirement structure.”
The announcement reflects a growing shift in the retirement services industry toward expanding access to private markets within DC plans. In recent years, alternative asset managers have aggressively pursued new distribution channels, responding to demand for return-enhancing strategies and diversification options beyond traditional stocks and bonds.
Partnerships such as Blue Owl Capital’s collaboration with Voya Financial and Empower’s platform offering alternative funds from Apollo, Franklin Templeton, and Goldman Sachs highlight how retirement plan providers are increasingly incorporating private assets into mainstream investment options.
With the launch of the GS Private Credit CIT, Goldman Sachs joins a growing cadre of asset managers helping modernize the $10 trillion DC market by offering retirement savers broader access to alternative income and total return strategies.