Goldman Sachs Asset Management has introduced the GS Private Credit CIT, a collective investment trust designed to bring private credit strategies into defined contribution retirement plans. The fund will invest in North American and European direct lending and private placements, while maintaining a liquidity sleeve to meet daily portfolio needs. 

It has already been selected for inclusion in the Panorix Target Date Series by Great Gray Trust Company, which aims to offer institutional-quality investment strategies to retirement savers. Panorix will feature a custom glidepath from BlackRock, liquidity management from Wilshire, and a mix of public and private asset exposure including the GS Private Credit CIT. 

This launch leverages Goldman’s $142 billion private credit platform and global underwriting capabilities to give retirement savers access to tools traditionally reserved for institutional investors. 

Finsum: As public markets grow more concentrated, CITs can provide diversification and growth potential through private credit exposure.