Goldman Sachs BDC bad loans rise to 4.7% of portfolio
Updated
Updated · Bloomberg · May 7
Goldman Sachs BDC bad loans rise to 4.7% of portfolio
7 articles · Updated · Bloomberg · May 7
In first-quarter filings, the publicly traded private credit fund added 3SI Security Systems and One GI to non-accrual status, lifting the share by 1.9 percentage points.
Non-accrual designations are typically reserved for a fund’s most troubled holdings, signalling increased stress in parts of its investment book.
The rise comes as private credit investors face mounting concern about exposure to companies seen as vulnerable to AI-driven disruption.
With Goldman's troubled loans rising, are private credit funds hiding a larger, systemic risk from investors?
Beyond software, which industries backed by private credit are most vulnerable to the next wave of AI disruption?
Is the 'SaaSpocalypse' a temporary panic, or has AI permanently broken the private credit model for software?