QTR’s Fringe Finance

QTR’s Fringe Finance

Private Credit Exec Admits "All" Marks Are "Wrong"

He predicted that loans to a typical leveraged mid-size software company could recover only “20 to 40 cents” on the dollar if things go wrong.

Quoth the Raven's avatar
Quoth the Raven
Mar 16, 2026
∙ Paid

A top executive at one of the largest private credit lenders just delivered a remarkably blunt warning about valuations across the private markets.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Quoth the Raven · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture