SDNY Prosecutors Scrutinize Private Credit Marks Over Valuation Gaps, Jay Clayton Says at New York Forum
Updated
Updated · Bloomberg · Jun 3
SDNY Prosecutors Scrutinize Private Credit Marks Over Valuation Gaps, Jay Clayton Says at New York Forum
1 articles · Updated · Bloomberg · Jun 3
Summary
Possible valuation discrepancies in private credit are drawing scrutiny from the Southern District of New York, according to US Attorney Jay Clayton.
Clayton disclosed the review on Wednesday at the Bloomberg Global Credit Forum in New York, signaling prosecutorial attention on how private credit assets are being marked.
The remarks point to growing legal focus on valuation practices in a market where pricing can be less transparent than in publicly traded debt.