Goldman Sachs Just Confirmed the Worst-Case Scenario

For the first time in this cycle, the money going out of major private credit vehicles has surpassed the money coming in. That is the headline, how private credit machine is now facing sustained investor outflows. Stage 2. And here’s the other big part of that – these net outflows are indeed forcing asset sales onto an industry that was never really built for this. That means we’re already deeper into Stage 2 than most people would think.
Eurodollar University's Money & Macro Analysis
--------------------------------------------------------------------------------
Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to:
https://EurodollarGold.com or text EURO to 35052.
--------------------------------------------------------------------------------
Private Credit BDC Redemptions Exceed Fundraising for First Time
https://www.bloomberg.com/news/articles/2026-05-14/private-credit-bdc-redemptions-exceed-fundraising-for-first-time
Private Credit’s Unthinkable Becomes Reality as Trading Revs Up
https://www.bloomberg.com/news/articles/2026-05-21/private-credit-s-unthinkable-becomes-reality-as-trading-revs-up
Fitch Ratings’ U.S. Private Credit Default Rate Hits a High of 6.0% in April 2026
https://www.fitchratings.com/research/corporate-finance/fitch-ratings-us-private-credit-default-rate-hits-high-of-6-0-in-april-2026-18-05-2026?cs=0&hl=en-US&biw=1600&bih=731
Private Credit Fund Touts Quick Profit Buying Debt at 65 Cents
https://www.bloomberg.com/news/articles/2026-05-05/private-credit-fund-touts-quick-profit-buying-debt-at-65-cents
Goldman Sachs Private Credit Fund’s Share of Bad Loans Rises
https://www.bloomberg.com/news/articles/2026-05-07/goldman-sachs-private-credit-fund-s-share-of-bad-loans-increases
HSBC Drags Feet on $4 Billion Private Credit Investment Effort
https://www.bloomberg.com/news/articles/2026-05-15/hsbc-drags-feet-on-4-billion-private-credit-investment-effort
AMP Trims ‘Frothy’ Private Credit Assets in Investment Pivot
https://www.bloomberg.com/news/articles/2026-05-18/amp-trims-frothy-private-credit-assets-in-investment-pivot
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU