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Covenant Trends - 5/12/2025

Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Letter from Down Under (Second of Two Parts)

As the Australian market has matured, it has geared a variety of private credit products to different investor types. These embrace institutions, family offices, high-net-worth, and ultra-high-net-worth individuals. And as the asset class has become more sophisticated globally, investment structures were developed to meet the diverse needs and requirements of LPs. In that regard, private […]

Bloomberg: Leveraged Lending Insights – 5/5/2025

US Leveraged Loans Post Consecutive Monthly Losses Click here to access Bloomberg’s US Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, continued its downward trend in April…. Subscribe to Read MoreAlready a member? Log in here...

Middle Market & Private Credit – 5/5/2025

Slower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions and broader economic uncertainty compound existing credit headwinds…. Subscribe to Read MoreAlready a member? Log in here...

The Pulse of Private Equity – 5/5/2025

Private debt institutional, retail, and insurance AUM ($B) Download PitchBook’s Report here. Since 2019, PitchBook has tracked 207 private market fund launches across these three vehicle types, all targeting the private wealth channel; the total net assets in these vehicles were $274.8 billion as of July 31, 2024…. Subscribe to Read MoreAlready a member? Log in