Private Credit, Public Debate Richard Hunter, Chief Risk Officer at Fitch Ratings, recently published an op-ed sharing his insights on private credit. He addressed frequent questions we receive, including: Does Private Mean Opaque?… Subscribe to Read MoreAlready a member? Log in here...
2Q25 Total US direct lending LBO volume down over 47% quarter over quarter Talk of tariffs, inflation fears and anticipation of a congressional show down over the Trump administration’s “big, beautiful bill” contributed to heightened market uncertainty throughout much of 2Q25 and the direct lender loan market was not immune to the fall out…. Subscribe
Leveraged Loan Launches Accelerate in July Click here to access Bloomberg’s US Leveraged Finance Chartbook After launching over $33bn into the broadly syndicated US leveraged loan market last week, issuers have continued to jump into the market, with an additional $39.84bn launching so far this week through Wednesday July 16th…. Subscribe to Read MoreAlready a
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
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
US PE fundraising activity Download PitchBook’s Report here. PE fundraising has landed at a lower level than in 2024, which was already a worse year for fundraising than the three years prior, where the industry saw record-setting fundraising…. Subscribe to Read MoreAlready a member? Log in here...
Notwithstanding tariffs, economists now view the chances of a recession fading. Source: WSJ Surveys of Economists
Life happens at inflection points. This goes for capital markets as well. Whether changes in interest rates (high to low), or economic cycles (growth to recession), being alert to those subtle shifts allows astute asset managers to lean into investment strategies more effectively. The challenge today is unpredictable trade policies have created false signals, particularly…
US Leveraged Loan Issuance Tops $65bn in June June’s 75 deals for $66b was up $34.4b, or 109%, from the previous month’s $31.6b, but was down $83.6b or 56% from the same month a year ago. It brought the Q2 total to $107.4b across 128 deals for a 68% decline from the first quarter total…