Christopher Sheldon, KKR's co-head of credit and markets, says he disagrees with DoubleLine Capital CEO Jeffrey Gundlach, who says the next big crisis for the financial markets is private credit. Speaking on "Bloomberg Open Interest," Sheldon says he isn't seeing any signs of what Gundlach called "garbage lending" and adds that the private credit market is in good shape amid a slowing economy. ...

Jeffrey Gundlach In markets awash in “garbage lending” and unhealthy valuations, Jeffrey Gundlach is keeping his strategy simple: load up on cash and stay away from private credit. One of Wall Street’s bond kings is spotting overpriced assets almost everywhere he looks. In an episode of the podcast recorded to mark the show’s 10-year anniversary, Gundlach called out nosebleed valuations in the equity market and warned investors against “incredibly speculative” bets. Most Read from Bloomberg The DoubleL ...