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Jeffrey Gundlach Warns: Private Credit Crisis Looms

11/20/2025

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Summary

Story summary

Jeffrey Gundlach, CEO of DoubleLine Capital, warns of a potential crisis from the private credit market, valued at about $1.7 trillion.
He likens the situation to the 2006 subprime bubble and notes defaults from Tricolor and First Brands.
Gundlach urges holding 20% in cash and reducing stock exposure, while cautioning against speculative AI bets and lowering the gold allocation from 25% to 15% as a safeguard.

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Story summary

Jeffrey Gundlach, CEO of DoubleLine Capital, warns of a potential crisis from the private credit market, valued at about $1.7 trillion.
He likens the situation to the 2006 subprime bubble and notes defaults from Tricolor and First Brands.
Gundlach urges holding 20% in cash and reducing stock exposure, while cautioning against speculative AI bets and lowering the gold allocation from 25% to 15% as a safeguard.