The Globe and Mail reports in its Tuesday, April 7, edition that Goldman Sachs Group's private credit fund revealed on Monday that investors sought to repurchase nearly 5 per cent of shares in the first quarter, distinguishing it from an industry struggling with a surge in redemptions. A Reuters dispatch to The Globe reports that fears that artificial intelligence might reduce software companies' earnings and weaken their loan repayment capacity have unsettled the private credit industry, leading investors to reassess their exposure. Several asset managers have capped redemptions at the standard 5-per-cent quarterly limit after a recent surge in withdrawal requests, driven by negative headlines that have put the roughly $2-trillion (U.S.) private credit industry under scrutiny over lending standards, valuations and transparency. Goldman's ability to meet all requests, which did not breach its cap, suggests that redemption stress is not uniform across the sector, which could help allay some fears. An unnamed source says a big portion of investors come from Goldman's private-wealth channels, who have been long-term investors in the private credit space and they can tolerate illiquidity.