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Debtwire Middle-Market – 4/28/2025

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 11.5% as of 28 April, down from  four-year peak  of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…

Covenant Trends - 4/28/2025

Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Middle Market & Private Credit – 4/28/2025

BDCs Face New Headwinds but Limited Direct Exposure to Tariff Sectors Click here to learn more. The recent escalation in the global trade war and resulting uncertainty across the market introduced additional headwinds for business development companies (BDCs) and private credit in the near term. Fitch expects additional non-accruals across BDC portfolios in 2025 given…

PDI Picks – 4/28/2025

Headwinds have not blown Europe off course Fundraising has been challenging for the region but deals soared last year and hopes are high for the remainder of 2025. European private debt activity hit an all-time high in 2024. According to data from Deloitte’s Private Debt Deal Spring Tracker 2025, €68.7 billion was deployed on the…

Chart of the Week: Down Decade

Malaysia’s investment growth lags other ASEAN countries but shows signs of recovery. Source: Department of Statistics, Malaysia. Haver and respective national authorities