In “Brett Chappell: Private credit is moving from obscure to intelligible,” the central point is clear: private credit is not becoming fully transparent or continuously liquid. It is becoming more intelligible, as better data, analytics, and cross-market comparisons help investors identify risk, interpret value, and respond faster.
SOLVE’s Sourav Srimal’s quote gets to the heart of that shift: more data is not enough. The real value comes from turning fragmented inputs into consistent, timely signals, including non-accruals, PIK usage, maturity extensions, and debt-to-equity conversions. By mapping private credit instruments to the broadly syndicated loan universe, investors can begin to conduct relative value analysis across public and private markets.
The result is not perfect transparency, but a more informed investment process. Investors are no longer relying on a single “true” price. They are building a broader pricing mosaic from structured data, comparable instruments, portfolio disclosures, quotes, trades, and market color.
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.