[BlackRock's Loan Valuation Drops To Zero, Exposing A Major Vulnerability In The Private Lending Market] About A Month Ago, BlackRock Valued Its Private Debt To Struggling Home Improvement Company Renovo Home Partners At 100 Cents Per Dollar Face Value. However, As Of Last Week, The Company's Latest Valuation Was Zero. This Sharp Downgrade Comes As Dallas-based Renovo (formed In 2022 By Private Equity Firm Audax Group By Merging Several Regional Kitchen And Bathroom Renovation Companies) Suddenly Filed For Bankruptcy Last Week, Indicating Its Plans To Close
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