Five major developments in the credit crisis/bust. BlackRock, JP Morgan, Blue Owl, Apollo and another big run on a big fund. Private credit didn't go anywhere, the situation keeps escalating and each one of these represents more significant confirmation of the shift toward toxic waste status. From asset valuations to more losses at big names, the behavior has radically changed. 

Eurodollar University Money & Macro Analysis

Gundlach Warns Investors Will Lose Money on Private Credit
https://finance.yahoo.com/markets/stocks/articles/gundlach-warns-investors-lose-money-200041360.html

BlackRock Private Credit Fund Cuts Asset Value on Markdowns
https://www.bloomberg.com/news/articles/2026-05-07/blackrock-private-debt-fund-cuts-asset-value-on-loan-markdowns

JPMorgan-Led Group Eyes $500 Million Loss on Qualtrics Debt
https://www.bloomberg.com/news/articles/2026-05-06/jpmorgan-led-group-eyes-500-million-loss-on-qualtrics-debt

Blue Owl adviser sued over allegedly inflating fund values, charging excessive fees
https://www.reuters.com/legal/litigation/blue-owl-adviser-sued-over-allegedly-inflating-fund-values-charging-excessive-2026-04-28/

Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
https://www.cnbc.com/2026/05/06/apollo-ceo-rowan-market-correction-rival-insurers.html

Apollo to Give Investors Daily Pricing on Private Credit By September
https://www.wsj.com/finance/investing/apollo-to-give-investors-daily-pricing-on-private-credit-by-september-44a2c84b

$10 Billion Golub Fund Caps Outflows After Requests for 8.5%
https://www.bloomberg.com/news/articles/2026-05-07/-10-billion-golub-fund-caps-outflows-after-requests-for-8-5