Goldman Sachs AM Says Non-Payment in Private Credit Remains Low

Goldman Sachs Asset Management LP Global Co-Head of Private Credit James Reynolds said the private credit sector remains resilient, with few borrowers struggling to meet loan payments.

“The fundamentals at this stage continue to look very strong,” Reynolds said in a Bloomberg Television interview in Sydney on Thursday, adding that non-payments remain low at 1% to 2%. He said the firm has “been busy investing across a number of credit strategies in Asia and Australia.”