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Private credit’s sketchy marks get warning shot from Wall Street’s top cop

Private equity firms face increasing questions

Bloomberg News

Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing firms value private assets in their portfolios are drawing increasing attention from market participants, academics — and, now, the Department of Justice, according to Jay Clayton, the head of its Manhattan outpost. “There are definitely […]

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