Key Takeaways
- • Monroe Capital's Ted Koenig dismissed the practice of valuing private credit investments daily, calling daily marks in illiquid private assets 'an illusion of precision, not accuracy.'
- • The critique followed a move by Apollo, which the available excerpt of the Bloomberg report does not detail.
- • The debate centers on whether frequent valuations of illiquid private loans can reflect true market value.
Summary
Monroe Capital's Ted Koenig has challenged the idea that private credit investments can be accurately valued every day, according to Bloomberg. Koenig said that 'daily marks in illiquid private assets is an illusion of precision, not accuracy,' a comment that frames the valuation debate around the gap between frequent reported prices and the true worth of assets that do not trade on public markets.
Bloomberg reported the criticism in the context of a move by Apollo, though the excerpt available for this summary does not describe the nature of that move. The article was first published on October 14, 2026 and updated on October 15, 2026.
Bloomberg reported the criticism in the context of a move by Apollo, though the excerpt available for this summary does not describe the nature of that move. The article was first published on October 14, 2026 and updated on October 15, 2026.
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