Goldman Sachs Raises Over €1bn For Open Ended European Private Credit Strategy

September 25, 2024 — Goldman Sachs Alternatives today announced that its open-ended, semi-liquid European private credit strategy (“GSEC”) has raised more than €1 billion of equity, less than a year after the strategy’s launch.

The capital was raised from an investor base including family offices, private wealth clients, third party distributors, sophisticated institutions and includes commitments from Goldman Sachs employees. 

GSEC sits within Goldman Sachs’ $115 billion private credit platform, which provides clients with access to private credit opportunities across the risk-return spectrum, globally. Most recently, the platform raised $20 billion for senior direct lending, which included €13.1 billion raised for West Street Loan Partners V, the firm’s global flagship senior direct lending strategy which will invest in European deals alongside GSEC.

About Private Credit at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the largest investors in alternatives globally, with over $450 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 over $2.9 trillion in assets under supervision globally as of June 30, 2024. 

Established in 1996, Private Credit at Goldman Sachs Alternatives is one of the world’s largest private credit investors with $115 billion in assets across direct lending, mezzanine debt and hybrid capital. 

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