Goldman Private Credit Chief Says Gating Is Feature, Not Bug

(Bloomberg) -- One of Goldman Sachs Group Inc.’s private credit chiefs said limits on fund withdrawals are “features and not bugs,” as the $1.8 trillion market comes under increasing pressure from investors looking to exit.So-called semi-liquid private credit funds typically allow for quarterly redemptions of 5%, with the ability to throw up gates for a set period if requests breach that threshold. Thus far, major firms in the industry including Blackstone Inc. and Blue Owl Capital Inc. have largely met ele ...