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Jeffrey Gundlach Warns: $1.7T Private Credit Market at Risk

11/17/2025

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Summary

Story summary

Jeffrey Gundlach, CEO of DoubleLine Capital, warns the private credit market valued at $1.7 trillion is at risk.
Speaking on Bloomberg's Odd Lots podcast, he likens it to 2008 crisis, citing 'garbage loans' and failures such as First Brands and Tricolor Holdings.
Gundlach advises investors to hold 20% of their portfolios in cash to reduce risk.
He says the market is overpriced and speculative, and many investors misjudge its strength.

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Story summary

Jeffrey Gundlach, CEO of DoubleLine Capital, warns the private credit market valued at $1.7 trillion is at risk.
Speaking on Bloomberg's Odd Lots podcast, he likens it to 2008 crisis, citing 'garbage loans' and failures such as First Brands and Tricolor Holdings.
Gundlach advises investors to hold 20% of their portfolios in cash to reduce risk.
He says the market is overpriced and speculative, and many investors misjudge its strength.