LevFin books new issuance record in July thanks to loan repricings, while growing M&A business shouldn’t be overlooked US leveraged finance issuance topped US$236bn in July, eking a new all-time monthly high for the business…. Subscribe to Read MoreAlready a member? Log in here...
Senior debt loses its dominance The first half of this year saw investor commitments more widely dispersed in the asset class. In last week’s column, we examined the first-half global private credit fundraising figures and found that the total raised was consistent with the five-year H1 average, even though consistency was not a word associated…
What is coming through clearly in our conversations with credit professionals is that we are in a risk-on world. Somewhat delayed from earlier in the year, thanks to tariffs, but the strength and direction is unmistakable. This sentiment was amplified in our discussions about the US leveraged loan market in Octus Webinar: H1 2025: “How…
While direct lending was subdued with rate liftoff, it’s recovered despite tariff noise. Source: DLD KBRA
August Leveraged Loan Launches, by Week The typical “August slowdown” for the leveraged-loan market has yet to materialize, according to data compiled by Bloomberg…. Subscribe to Read MoreAlready a member? Log in here...
Total leverage on sponsored middle market deals ticked up in the 2Q 2025, driven by higher senior leverage Total leverage on sponsored middle market deals ticked up to 4.56x on average in 2Q25, driven by higher senior leverage…. Subscribe to Read MoreAlready a member? Log in here...
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 […]
Global buyout EV/EBITDA multiples Download PitchBook’s Report here. The EV/EBITDA multiple for PE buyouts stood at 11.7x for the TTM period ended June 30, 2025. This is comfortably above the recent trough of 10.3x in 2023, yet below the 12.3x registered in 2024…. Subscribe to Read MoreAlready a member? Log in here...
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