Goldman Sachs Asset Management has initiated early-stage discussions with investors to raise at least $10bn for its next global direct lending vehicle, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The move comes despite heightened investor caution in the $1.8tn private credit sector.
The fund, West Street Loan Partners VI, will focus on lending to companies across North America, Europe and Australia, primarily targeting businesses generating more than $100m in EBITDA. Its predecessor fund closed on more than $13bn in 2024.
The strategy is expected to deliver returns of approximately 10%–12% on a leveraged basis and 6%–7% unleveraged, with at least 80% of the portfolio allocated to senior loan positions, the sources said. Goldman Sachs reportedly declined to comment.
