---
title: Glendon Capital warned that some private credit funds
description: "especially those managed by Blue Owl Capital—may overvalue loans relative to market prices. For example, junior debt of Cornerstone OnDemand was valued near 90¢ while its senior debt traded around 78¢. Similar gaps appear for Barracuda Networks, Peraton, and Conair Holdings, suggesting possible future write-downs as stress grows in private credit markets.\n\nSource: FT"
---

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# [Glendon Capital warned that some private credit funds](https://blog.syzgroup.com/syz-the-moment/glendon-capital-warned-that-some-private-credit-funds)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 12, 2026, 3:34:11 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/glendon-capital-warned-that-some-private-credit-funds)

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