Chart of the Week

Chart of the Week: Returns Department

Global private fund returns of capital has begun to improve since early 2023. Source: MSCI – Private Assets in Focus(Past performance is no guarantee of future results.)

Chart of the Week: Common Ground

Higher for longer has compressed leverage for both cov-lite and cov-heavy loans. Source: LSEG LPC(Past performance is no guarantee of future results.)

Chart of the Week: All About Portfolios

Top three criteria investors use to select credit managers are portfolio-centric. Source: Coalition Greenwich 2023 Private Credit Market Structure Study(Past performance is no guarantee of future results.)

Chart of the Week: Stepping Down

Private borrower covenant (not payment) default rates fell for third straight quarter.  Source: Lincoln International Proprietary Private Market Database(Past performance is no guarantee of future results.)

Chart of the Week: Refi Madness

The reversal of refinancings between direct lenders and the liquid market is dramatic. Source: PitchBook LCD(Past performance is no guarantee of future results.)