Middle Market Deal Terms at a Glance – May 2025
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
US Leveraged Loan Launches Pick Back Up in May To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Following a record drought between March 28 and April 16 in which 14 business days passed without the launch of a new US leveraged loan financing, the longest such streak since Bloomberg…
US middle market private debt fundraising stands at US$21.3bn so far in 2Q So far this quarter, LSEG LPC has tracked US$21.3bn of US middle market debt fundraising…. Subscribe to Read MoreAlready a member? Log in here...
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.3% as of 23 May) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Average New-Issue Clearing Spreads (Single B) and Covenant Terms for All First-Lien Institutional Loans (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Credit Journal – Private Credit Download Welcome to Fitch Ratings’ Credit Journal series – a subject-specific, curated compilation of our in-depth research and commentary…. Subscribe to Read MoreAlready a member? Log in here...
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Months to close for PE funds Download PitchBook’s Report here. In 2022, GPs began taking longer to close PE funds as exit activity decreased and LPs became more capital constrained as a result…. Subscribe to Read MoreAlready a member? Log in here...
Safety first Amid a volatile macro-economic and geopolitical backdrop, private credit funds are doubling down their investments in trusted sectors. US tariff uncertainty is leading to a flight to safety among private credit funds, particularly in terms of sector specialisms. In Private Debt Investor’s soon-to-be-published Mid-Market Report, we found evidence to support one professional’s claim…