DOJ probes BlackRock private-credit valuation practices

A Bloomberg-reported investigation into BlackRock private credit follows off-cycle asset markdown disclosures and raises the question of how illiquid credit is being priced

Bloomberg reported yesterday night that Blackrock is being probed by the DOJ for private credit valuation practices. In January, $BLK private credit fund $TCPC filed an off-cycle disclosure on a Friday evening where they announced plan