Bloomberg: Leveraged Lending Insights – 9/15/2025
Leveraged Loan Launches Pick Back Up in September Click here to access Bloomberg’s US Leveraged Finance Chartbook… Subscribe to Read MoreAlready a member? Log in here...
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KBRA Direct Lending Deals: News & Analysis – 9/15/2025
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
LevFin Insights: High-Yield Bond Statistics – 9/15/2025
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
Middle Market & Private Credit – 9/15/2025
US BDC Robust Unsecured Debt Issuance Reduces Funding, Liquidity Risk Click here to learn more. Strong unsecured debt issuance has continued for rated business development companies (BDCs) in 2025 amid favorable market conditions that have materially reduced refinancing risk and signaled a further deepening of the investor base. The best-positioned BDCs benefit from diverse funding…
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The Pulse of Private Equity – 9/15/2025
Private debt nowcast vs. reported returns Download PitchBook’s Report here. The Private Debt Barometer currently holds a stable, slightly positive score of 53, with a nowcast of 2.6% and a desmoothed nowcast of 2.9% for Q2 2025…. Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loan Insight & Analysis – 9/15/2025
US LevFin issuance slips to US$200bn despite historically active August For US LevFin, we saw trends of previous months continue to play out in August: (1) Defense over offense, with issuers largely focused on managing liabilities versus making acquisitions; (2) Strategic M&A driving the majority of underwritings; (3) Rate-sensitive LBO trades struggling to catch bids…
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Chart of the Week: Business Service as Usual
Business services and tech remain strong sectors for LBO candidates. Source: KBRA DLD
Swiss Army Knife of Capital (Part One)
We recently joined several colleagues on an excellent PDI podcast – “New Era of Private Credit” – for a wide-ranging discussion of investment topics. We’ll include a link to the final published version when available but thought it would be profitable to expand on the conversation. Let’s begin with this question: “What is driving the…
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Middle Market Deal Terms at a Glance – September 2025
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Debtwire Middle-Market – 9/15/2025
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 11.2% as of 12 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
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