How Px is made — sourcing & honesty

What Px is

Px is news & analysis — not investment advice, not a recommendation, not a solicitation. It explains what moved in private credit and why it matters, in plain English, and links every claim to its original source. You decide what to do with it.

Where the information comes from

Px summarizes the public primary record: SEC / EDGAR filings (BDC 10-Qs, 8-Ks, Form D), ratings-agency press, Federal Reserve / OFR data, regulator releases, and court filings. These are public facts; Px summarizes the document itself and links you to it.

For reporting that sits behind a paywall, Px shows only the headline and an attributed link — it never reproduces paywalled text. This is enforced in code, not just policy.

How the writing is made

Each summary is AI-generated from the linked primary source and labeled as such. The editorial judgment — the legal and private-credit lens, the plain-English translation, and the rules below — is set by a human editor. If a source can't be fetched or grounded, Px says so and points you to the original rather than inventing detail.

What Px will never do

• Tell you to buy, sell, or hold anything; quote price targets, returns, or performance.
• Reproduce paywalled or copyrighted text.
• State an unproven allegation as fact — pre-adjudication, named-party items use "alleges / charged / filed / claims" and note that allegations are unproven.
• Hide its limitations: private-credit data is often quarterly and model-marked; Px flags that rather than presenting estimates as certainty. On a quiet week, Px runs short rather than padding.

Corrections

Spotted an error? [email protected] — corrections are made promptly and noted.