About this episode
It is beginning to look more and more like a slow-motion shadow bank run. Yet another massive fund hit with largescale withdrawals. Not only that, the liquidity pressure also led to more asset sales. But those aren't even the worst of the day's news: that comes from JP Morgan and it has to do with COLLATERAL.-------------------------------------Join us for our free webinar Thursday March 26, 2026 at 6pm ET. With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. Sign up below:https://eurodollar-university.com/home-page-web-------------------------------------Cliffwater’s $33 Billion Private Credit Fund to See 7%-Plus Redemptionshttps://www.bloomberg.com/news/articles/2026-03-10/cliffwater-s-private-credit-fund-said-to-see-7-plus-redemptionsPimco Sees Crisis of ‘Bad Underwriting’ in Private Credithttps://www.bloomberg.com/news/articles/2026-03-11/pimco-blames-sloppy-underwriting-for-private-credit-reckoningCliffwater in market with $1B private credit secondary salehttps://pitchbook.com/news/articles/cliffwater-in-market-with-1b-private-credit-secondary-saleJPMorgan Restricts Private Credit Lending After Markdownshttps://www.bloomberg.com/news/articles/2026-03-11/jpmorgan-marks-down-private-credit-portfolios-ft-reportsSomething on Wall Street 'Smells Like' 2008, Says Former Goldman Sachs Chief. Here's What It Is.https://www.investopedia.com/private-credit-stress-smells-like-2008-says-former-goldman-sachs-chief-blankfein-11920345
