One of BlackRock’s private credit funds has just resurrected the cockroach concerns over debt woes in the space. By announcing that it will have to write down 19% of its net asset value, the fund also discloses more areas of cockroach concerns beyond those we had already become aware of. While at the same time, further reminding everyone how everything that people were worried about before they need to keep worrying about and then some. 

Eurodollar University's Money & Macro Analysis

------------------------------------------------------------------------------------------
EDU LIVE PRESIDENT'S DAY FEBRUARY 2026

If you’re a serious investor and want to capitalize on what the monetary system is signaling right now, plus deep discussions about what truly is the greatest threat we all face, join me and Brent, plus Hugh Hendry, George Gammon, Steve Van Metre, and Mike Green at Eurodollar University's very first Live Event, President's Day Weekend February 2026. Small groups, intimate discussions. 

To reserve your spot just go here but you better hurry, there aren't many spots left:

https://eurodollar-university.com/event-home-page
------------------------------------------------------------------------------------------

BlackRock TCP SEC Filing 8K
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001370755/000114036126002240/ef20063739_8k.htm

BlackRock Private Debt Fund Tumbles After Writing Down Loans
https://www.bloomberg.com/news/articles/2026-01-26/blackrock-private-debt-fund-tumbles-after-writing-down-loans

Flawed Valuations Threaten $1.7 Trillion Private Credit Boom
https://www.bloomberg.com/news/articles/2024-02-28/how-private-credit-market-boom-is-hiding-potential-valuation-problems

BlackRock to Auction Amazon Seller Once Valued at $1 Billion
https://pe-insights.com/blackrock-to-auction-amazon-seller-once-valued-at-1-billion/

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU