easy · Private Credit & Debt loan-structures-instruments
A private debt fund is preparing its quarterly financial statements. It holds a portfolio of directly originated loans to private mid-cap companies. Since there is no observable market price for these loans, the fund uses an internal DCF model with unobservable inputs.
Under ASC 820, how should these assets be classified?
- Level 4
- Level 3
- Level 1
- Level 2
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