TheLeadLeft

Covenant Trends - 2/2/2026

Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Octus: Private Credit & Deal Origination Insights – 2/2/2026

Over $3 Billion of Loans (at Cost) in Non-Accrual Status as of Q3’25 Mature Through 2027 Click here to read the full release. According to Octus data, 2025 credit issuance remained resilient for the second consecutive year, defying market volatility as private credit cemented its status as a mainstream financing powerhouse…. Subscribe to Read MoreAlready

PDI Picks – 2/2/2026

Credit secondaries take flight Secondaries is a part of the private credit market that gained momentum last year and shows no signs of slowing. This week has brought further evidence of the continuing rise of private credit secondaries, with French fund manager Eurazeo announcing a €480 million continuation vehicle backed by Pantheon…. Subscribe to Read

Why Private Equity Matters (Part Four)

There are many faces of a leveraged buyout dollar. The private equity industry offers a robust landscape of strategies that provide a wide spectrum of risk-return profiles appealing to different investor requirements. Whether equity or credit-oriented, there are many options for investors to construct portfolios to meet their specific risk-and-return goals. As we covered in…

Middle Market & Private Credit – 1/26/2026

U.S. Alternative Investment Manager Ratings Stable Despite Challenging 2026 Click here to learn more. Fitch Ratings expects the credit profiles of rated alternative investment managers (alt IMs) to remain stable despite a difficult backdrop. Rated alt IMs benefit from investor consolidation, as periods of uncertainty increase demand for scaled, multi-strategy platforms…. Subscribe to Read MoreAlready

Leveraged Loan Insight & Analysis - 1/26/2026

Yield premium on direct lender arranged MM sponsored deals tightened in 4Q25 Yields for large corporate and middle market(MM) sponsored loans – whether executed via the broadly syndicated or direct lender loan markets – tightened in 4Q25 amid abundant lender liquidity and inadequate supply of new deal flow to meet demand…. Subscribe to Read MoreAlready

Bloomberg: Leveraged Lending Insights – 1/26/2026

New Year Kicks Off with Busy Month of Leveraged Loan Launches At $168.0b in launches through January 28th, the US institutional leveraged loan market has been off to a hot start in 2026, good for the seventh busiest month of launches on record. Following $57.5b launches during the week ending January 16th, issuers continued to…