Goldman Sachs Asset Management has launched a new private credit collective investment trust designed specifically for retirement portfolios, and which has already been selected for inclusion in Great Gray Trust Company’s new Panorix Target Date Series.
The Goldman Sachs Collective Trust – Private Credit Fund (GS Private Credit CIT) provides access to a broad mix of private credit investments by investing in funds managed by Goldman Sachs Asset Management, including North American and European direct lending and private placements, alongside a liquidity sleeve that supports certain daily liquidity requirements.
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Managed by the multi-asset solutions team, the GS Private Credit CIT offers diversified access to Goldman’s $142bn (£105.4bn) private credit platform. It was created by The Goldman Sachs Trust Company and is managed by Goldman Sachs Asset Management as the investment adviser.
It will be available for use in professionally managed portfolios and solutions, such as target date funds, multi-manager bond funds and other multi-manager CIT-based solutions.
Great Gray has chosen to include the GS Private Credit CIT in the Panorix Target Date Series – a retirement-focused investment solution developed in collaboration with institutional managers.
Panorix will combine a “custom glidepath” from BlackRock that strategically allocates across public and private markets, with liquidity and cashflow management from sub-advisor Wilshire Advisors, BlackRock’s index equity, index fixed income and private equity offerings, and the GS Private Credit CIT, thereby giving defined contribution (DC) plans access to investment capabilities previously available primarily to institutions.
“This solution [GS Private Credit CIT] is designed to meet the practical needs of retirement plans,” said Greg Wilson, global head of retirement at Goldman Sachs Asset Management.
“By combining our scale and long history as an innovator in private credit with our broad experience in the defined benefit and defined contribution space, we aim to deliver access to attractive investment opportunities in an accessible format for the defined contribution market.”
According to a May 2025 NAPA Advisor Research Institute study cited by Goldman Sachs, 22 per cent of plan advisers expect to add private markets to DC plans.
“By collaborating with Goldman Sachs, BlackRock and Wilshire, we’re unlocking broader access to sophisticated strategies that were once out of reach for everyday savers – all while staying anchored to fiduciary standards and participant-first design,” added Rob Barnett, chief executive of Great Gray.
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