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U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says

By Isla Binnie Reuters
FILE PHOTO: Jay Clayton, U.S. Attorney for the Southern District of New York speaks during a press conference at the New York Police Department headquarters following the arrest of suspects charged with igniting IEDs near Gracie Mansion, the home of New York City Mayor Zohran Mamdani, in New York City, U.S., March 9, 2026. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Jay Clayton, U.S. Attorney for the Southern District of New York speaks during a press conference at the New York Police Department headquarters following the arrest of suspects charged with igniting IEDs near Gracie Mansion, the home of New York City Mayor Zohran Mamdani, in New York City, U.S., March 9, 2026. REUTERS/Brendan McDermid/File Photo Brendan McDermid Reuters

NEW YORK - Manhattan's top federal prosecutor said on Wednesday he and his staff are asking questions about private market asset valuations, as concerns rise about opacity in those processes in private credit and private equity.

Regarding "marks and transparency of marks, we can do a better job," U.S. Attorney for the Southern District of New York Jay Clayton told the Bloomberg Global Credit Forum.

"We can eliminate the question of whether people are marking something in book A at 100 and book B at 90," he added. "I'm asking my people to look at that question across the marketplace."

(Reporting by Isla Binnie)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 3, 2026 at 10:14 AM.

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