Sourav Srimal Cites Signs of Stress in Private Credit Pricing Data in FundFire
SOLVE SVP Sourav Srimal was featured in a recent FundFire article on the state of private credit fundraising and portfolio health. While the article highlights signs of stability in the market, including a declining default rate and improving deal flow, it notes that SOLVE’s Mark Up / Mark Down Analysis painted a more nuanced picture.
Srimal shared findings based on data from 463 BDC-held portfolio companies and more than 1,000 loans with observable pre-trade data. The results showed that 42% of the loans experienced price deterioration in Q2, while 58% saw appreciation. “I think there is some stress brewing,” Srimal noted, pointing to signs of strain in what may otherwise appear to be a resilient market.
The coverage reinforces the value of SOLVE’s real-time market data tools, which provide visibility into secondary market trends that may be masked by broader benchmarks or lagging indicators.
Read the full article in FundFire here.
For a full data-driven lens on credit stress, sector performance, and the value of transparency in Private Markets, download SOLVE’s Mark Up / Mark Down Analysis.
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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.
