Scrutiny grows over valuations
As private credit comes under pressure, investors worry that valuations are not showing the warning signs. Robin Blumenthal examines the validity of these concerns.
According to a sample of public and non-traded BDCs captured by SOLVE, a fixed-income data aggregator, some 91 percent of the sample 801 investments held by 346 BDCs held portfolio companies showed price deterioration relative to BDC marks as of year-end 2025. That number spiked from the 43 percent deterioration seen from the third to fourth quarter of last year. SOLVE compared BDC marks with its pre-trade observable data.
Read the full story: https://www.privatedebtinvestor.com/download-the-june-2026-issue-of-private-debt-investor/
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in Fixed Income markets.