How large is the lag between private-credit reported marks and equivalent public-credit spreads, indicating NAV overstatement into 2026?
Category: industry
Status: open | Type: likert | Timeframe: mid
Context
Tests assumption #4 (marks lag public credit, NAVs overstate recoverable value). A Likert agreement scale lets the board calibrate conviction on the size of the mark-to-public gap, which is inherently a judgment over BDC NAV vs. public loan index divergence rather than a single hard number.
Resolution source: Listed BDC NAV disclosures (10-Q/10-K via SEC EDGAR) vs. Morningstar LSTA US Leveraged Loan Index mark-to-market
Resolution date: 2027-06-30
Created: 2026-06-11
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