The bank's non-traded BDC has reportedly raised $750 million, with proceeds partially earmarked for debt refinancing.
The non-traded BDC accepted all 1.8 million shares tendered in Q3, with investors to receive non-interest-bearing, non-transferable promissory notes instead of immediate cash.
Withdrawal requests at Barings Private Credit Corporation reached 10.68% of outstanding shares in Q3, with just 46.84% of validly tendered shares accepted on a pro-rata basis.
CFO Kirill Bouek's resignation follows the departure of the non-traded BDC's President, Raymond Barrios, in August.
The Canadian bank now holds 10.5% of Blue Owl Credit Income Corp. as shareholders sought to withdraw 16.8% of outstanding shares in Q3.
Launched in 2022, the non-traded vehicle invests across venture capital, private credit, and private equity.
The unsolicited bid comes just three days after Blue Owl Credit Income Corp. disclosed 16.8% in Q3 redemption requests.
Quarterly repurchase requests at GS Credit have historically remained below the fund's 5% offer cap.
Goldman Sachs Private Credit Corp. once again stood apart from its peers after quarterly repurchase requests came in below the 5% cap in Q2.
GS Credit received repurchase requests for just under 5% of shares outstanding in Q1 2026.
