SEC’s Top Cop Concerned About Private Credit Valuations, Opacity
- Gurbir Grewal also sees potential risk in market concentration
- Market has ‘lack of transparency,’ enforcement chief says
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The booming private credit market is of growing concern to the top enforcement official at the US Securities and Exchange Commission.
During a wide-ranging interview this week, Gurbir Grewal said he sees a range of potential risks in the $1.7 trillion private-lending industry. The enforcement chief signaled everything from market concentration to the way assets are valued will face more scrutiny.