Landmark Auction Tackles Evergreen Fund Liquidity Bottlenecks
As private credit continues to attract institutional capital, attention is increasingly turning to how illiquid assets are valued and how those valuations are communicated to investors.
Bloomberg's Going Private newsletter recently examined the growing industry focus on valuation transparency, against a backdrop of enhanced regulatory scrutiny and initiatives designed to provide investors with greater visibility into private market portfolios.
The debate reflects a broader evolution taking place across private markets. As the asset class matures, investors are placing increasing emphasis not only on performance, but also on valuation methodologies, governance frameworks and disclosure standards.
Read the full Bloomberg article here:
https://www.bloomberg.com/news/newsletters/2026-10-02/landmark-auction-tackles-evergreen-fund-liquidity-bottlenecks
Quotes from Oldenburg
“Private credit has spent years proving it can complement - and in some segments substitute for - traditional bank lending. The next phase is proving that investors can have the same confidence in valuations as they do in the underlying loans.”
“It doesn't really matter whether a portfolio is marked at 97 or 99 cents on the dollar; it's whether investors comprehend the assumptions behind that valuation.”
“Private credit is entering a new stage of maturity. As it becomes a larger part of institutional portfolios, greater scrutiny is both inevitable and healthy. Trust is built on process rather than performance.”
— Patrice Mesnier, Founding Partner