Goldman Sachs Asset Management has launched the Goldman Sachs Collective Trust – Private Credit Fund (GS Private Credit CIT). Managed by Goldman Sachs Asset Management, this fund is designed for defined contribution (DC) plans, offering access to private credit investments tailored for retirement portfolios.
The GS Private Credit CIT invests in a variety of private credit assets, including North American and European direct lending and private placements, while also including a liquidity component to meet daily needs. It will be available in professionally managed portfolios and solutions, including target-date funds and multi-manager bond funds.
GS Private Credit CIT picked for Great Gray’s new Panorix Target Date Series: Great Gray Trust Company, a leader in collective investment trust solutions, has elected to include the GS Private Credit CIT in the Panorix Target Date Series (Panorix), a retirement-focused investment solution developed by Great Gray in collaboration with leading institutional managers.
Panorix will combine a custom glidepath from BlackRock that strategically allocates across public and private markets, with liquidity and cashflow management from sub-advisor Wilshire Advisors LLC, BlackRock’s index equity, index fixed income and private equity offerings, and the GS Private Credit CIT. The combination will create a strategy that brings the investment capabilities previously available primarily to institutions to defined contribution plans.
Private Credit built for retirement: The GS Private Credit CIT draws on Goldman Sachs’ $142 billion private credit platform and is managed by the firm’s Multi-Asset Solutions team. And the vehicle will benefit from Goldman’s global deal sourcing network and proprietary underwriting capabilities — resources historically available only to institutional investors.
This launch seeks to address rising demand for private credit as a diversifier. As more companies access private markets for financing as they grow, public markets offer a narrower slice of investment opportunities, increasing concentration risk for retirement portfolios.
Education: Goldman Sachs Asset Management also recently launched Goldman Sachs Investment University, a digital education platform offering webinars, research and practical guidance on public and private market strategies. Advisors, plan sponsors and fiduciaries can leverage these resources to learn how to build public and private market retirement portfolios that may improve long-term participant outcomes.
KEY QUOTES:
“This solution is designed to meet the practical needs of retirement plans. By combining our scale and long history as an innovator in private credit with our broad experience in the defined benefit and defined contribution space, we aim to deliver access to attractive investment opportunities in an accessible format for the defined contribution market. We are proud to be part of Great Gray’s vision for a fully integrated retirement solution.”
Greg Wilson, Global Head of Retirement at Goldman Sachs Asset Management
“The addition of private credit completes the vision behind Panorix, a purpose-built retirement solution that brings together institutional-quality public and private markets in one seamless structure. By collaborating with Goldman Sachs, BlackRock and Wilshire, we’re unlocking broader access to sophisticated strategies that were once out of reach for everyday savers — all while staying anchored to fiduciary standards and participant-first design.”
Rob Barnett, CEO of Great Gray
“We believe the growth and development of private market DC strategies is a long-term trend and reflects a broader shift in the capital markets. Innovative solutions have improved the accessibility of these asset classes, and through thoughtful plan design, we believe private market investments can be an important driver to help bridge the retirement savings gap for millions of Americans.”
Chris Lyon, Global Head of Defined Contribution for Goldman Sachs Asset Management
