Pacific Investment Management Company (Pimco) has expressed skepticism regarding the effectiveness of daily asset pricing in the private credit market, valued at $1.8 trillion. Strategist Lotfi Karoui stated that while efforts to increase liquidity are appreciated, they do not address fundamental issues like the lack of true price discovery. Apollo Global Management recently announced that it will implement daily pricing for more than $830 billion of its credit assets by the end of September, aiming to enhance market transparency. However, Karoui noted that price discrepancies for similar assets have widened, with marks for identical instruments averaging about five points apart, raising concerns about fair value determinations. Pimco has been critical of the private credit sector, focusing on potential risks in direct-lending markets.