Money Managers Hire Investigators to Find Private Asset Values
- Intelligence firm being asked to investigate loan values
- Short positions in business development companies are rising
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Investor faith in private market asset values has plumbed such depths that some are taking matters into their own hands.
More money managers are hiring investigators for on-the-ground information to help them learn more about the firms they’re lending to or invested in, as well as value underlying collateral, according to Jason Wright, senior managing director at financial crimes, risk, and regulatory advisory firm K2 Integrity, the corporate investigative firm co-founded by Jules and Jeremy Kroll.