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DOJ Examines Valuation Practices at BlackRock Private Credit Fund

Federal prosecutors are investigating valuation methodologies employed by a BlackRock private credit fund, marking the latest regulatory scrutiny of the sector's pricing practices. The Department of Justice examination comes as regulators increasingly focus on how alternative credit managers determine fair values for illiquid holdings. Private credit funds have experienced rapid growth in recent years. The investigation underscores questions about transparency and consistency in valuation frameworks across the industry. BlackRock, the world's largest asset manager, manages significant private credit operations alongside its traditional asset management business.