Goldman Sachs Private Credit Corp. Pulls In $93 Million as Net Assets Reach $9.6 Billion
The monthly raise came in well below the prior cycle, even as the portfolio edged up to about $18.2 billion and leverage held steady.
September 23, 2026
Goldman Sachs Private Credit Corp. took in about $93.0 million through Class I shares in its latest monthly issuance, a noticeably smaller round than the prior cycle, even as the non-traded business development company’s net assets climbed to approximately $9.6 billion at the end of August.
A lighter fundraising month
The shares were sold as of September 1, with final counts fixed on September 18 and placement made through subscription agreements:
- Class I: 3,781,846 shares for about $93.0 million;
- Class S: 38,002 shares for roughly $935,000;
- Class D: none listed in the sale.
The offering relied on the private-placement exemptions of Section 4(a)(2) of the Securities Act together with Regulation D and Regulation S, with buyers representing themselves as accredited investors or non-U.S. persons. The Class I total is down from about $154.2 million in the previous month’s issuance.
August distribution
The board declared the August distribution on August 6 at $0.1850 per share across all three classes. Class I holders receive the full gross amount, which equates to an annualized distribution yield of 9.0 percent. After stockholder servicing and distribution fees, Class S nets $0.1676 per share and Class D nets $0.1799.
The distribution is payable on or about September 30 to holders of record as of the open of business on August 31, in cash or reinvested for participants in the distribution reinvestment plan.
Performance
Class I shares returned 0.8 percent for August, 1.9 percent over three months, 4.5 percent year-to-date and 7.5 percent over one year, with an annualized 9.4 percent since the company began operating in April 2023.
The two newer classes tracked close behind. Class S, first issued February 1, returned 0.7 percent for the month and 3.5 percent since launch. Class D, first issued March 1, returned 0.8 percent for the month and 4.0 percent since launch.
Balance sheet
NAV per share stood at $24.60 across all three classes as of August 31, essentially unchanged from $24.59 a month earlier. The investment portfolio was valued at approximately $18.2 billion, up from about $18.0 billion at the end of July. Fund leverage, measured as average daily borrowings over average net assets for the month, held at 0.9 times.
The disclosures were signed by co-chief executives Vivek Bantwal and David Miller. Miller is set to step down from the co-CEO role at year-end, leaving Bantwal as sole chief executive.
