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Private credit has drawn sustained institutional capital as banks retreated from parts of the leveraged lending market, and Goldman Sachs Private Credit Corp offers one measure of how large that accumulation has become.
The firm's investment portfolio carried a fair value of approximately $18.2 billion as of June 30, according to a filing with the Securities and Exchange Commission.
Reading the June 30 snapshot Fair value is an accounting estimate.
For a private credit vehicle, it represents what the portfolio's positions would be worth under current market conditions, a figure that can diverge from original cost or eventual recovery depending on credit performance and rate movements.
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