Another one highlighting the risks here. Peraton private credit loan is now being sold as primary lenders try and exit. Marks of course on loan value range all over.

“FS KKR marked the second-lien position at 89 cents as of Sept. 30, while the T. Rowe Price OHA Select Private Credit Fund marked the position at 61 cents in the same period. Blackstone marked its second-lien position at 60 cents on the dollar as of Sept. 30, and Blue Owl Capital Corp. marked its second-lien position at 59 cents.”

This is the second such instance of KKR marking a loan higher than others.

It highlights the fact one cannot trust what's happening here.

pitchbook.com/news/arti…