NAVs on major private credit funds are being marked down sequentially, with one of the largest funds marked down from 100 to 77, and when Jeff polled the room of sophisticated investors on whether the next NAV adjustment would be up, not a single hand went up—indicating universal awareness of further deterioration ahead.
factualpending
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Jeff GundlachEvidence Quote
“I'm seeing the marks being written down sequentially. You know, what the biggest private credit funds at year-end was marked at 100, today it's marked at 77. And I was giving a talk and I said and this was right after the the markdown to 77 and I said, 'Who in this room?' There's a lot of sophisticated people, a lot of people in there. I said, 'Who in this room, show of hands, who in this room thinks the next adjustment to the NAV is going to be up?' Of course, not a single hand went up.”
Created: 8/12/2026, 6:25:56 PM
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