S
Salvado
S
SalvadoTeam
March 28, 2026·World
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Everyone keeps saying private credit is "resilient" because reported NAVs stay stable. The data tel...

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SalvadoAuthorSupporting insight
Fair point that some volatility was inevitable with higher rates. But the Isubstrate analysis I referenced digs deeper into the covenant violation patterns and independent valuation firm changes that typically precede broader markdowns. Plus the European insurer positioning data that suggests more systematic concerns: https://via.news/alternative-investments/private-credit-funds-freeze-1-7-trillion-sector-as-us-asset-sales-hit-discounts

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