Goldman Sachs Backs AGL Credit Management With $1B in Private Credit Capacity
Goldman Sachs’ Vintage Strategies and AGL Credit Management have formed a private credit partnership expected to add approximately $1 billion in investment capacity to AGL’s platform, including anticipated third-party leverage.
The partnership involves an investment by Vintage Strategies into AGL Enhanced PC Income I LLC, a newly formed vehicle dedicated to private credit corporate investing. As part of the launch, the vehicle has already acquired an initial portfolio of senior loans.
In addition, Vintage Strategies has provided a capital commitment to the AGL Private Credit Income Fund (AGL PCIF), AGL’s inaugural vehicle for private credit corporate investing.
The combined investment is designed to scale AGL’s leveraged lending platform.
“This collaboration takes the relationship with Goldman Sachs Alternatives to a new level and strengthens AGL’s capabilities as a reliable partner to providers and users of corporate credit capital across cycles,” said Peter Gleysteen, founder, chief executive officer, and chief investment officer of AGL.
Nachiketa Rao, managing director and co-head of credit secondaries at Goldman Sachs Alternatives, said the partnership reflects the firm’s focus on supporting established credit managers. “We believe AGL’s well-established corporate credit platform and this partnership create an ideal foundation from which to deliver disciplined exposure to private credit.”
AGL Credit Management manages more than $24 billion in assets as of February 2026. The firm focuses on sourcing and managing corporate credit assets for a global investor base.
Established in 1998 within Goldman Sachs Alternatives, Vintage Strategies has invested more than $95 billion since its inception. The unit provides liquidity and capital solutions to private market investors and managers.
Goldman Sachs (NYSE: GS) oversees approximately $3.6 trillion in assets globally as of year-end 2025, with its alternatives platform managing roughly $625 billion across private equity, growth equity, private credit, real estate, infrastructure, sustainability and hedge funds.
In other news, Goldman Sachs Real Estate Finance Trust Inc., a non-traded REIT managed by The Goldman Sachs Group, has secured a second repurchase facility — a $500 million agreement with Banco Santander, S.A.’s New York branch to finance the origination and acquisition of commercial real estate mortgage loans, according to a March 19, 2026, SEC filing.
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