Lenders offer deep discount on new loans in April To Monitor Upcoming US Institutional Loan Issuance, run PREL <GO> from a Bloomberg Terminal Primary issuance has come at a discount amid a broader selloff in the leveraged loan secondary market, which has led bids to decline to an average of 95.77 on April 30th from…
Direct lending versus buyout fund distribution rates Download PitchBook’s Report here. In the 12 months ended Q2 2024, private debt returns outpaced all other private market asset classes…. Subscribe to Read MoreAlready a member? Log in here...
BDCs Face New Headwinds but Limited Direct Exposure to Tariff Sectors Click here to learn more. The recent escalation in the global trade war and resulting uncertainty across the market introduced additional headwinds for business development companies (BDCs) and private credit in the near term…. Subscribe to Read MoreAlready a member? Log in here...
BSL lenders support over US$405bn in new lending activity YTD; Several M&A opportunities bypass BSL market US lenders have been tapped for nearly US$406bn in new loan assets so far this year via the broadly syndicated loan market…. Subscribe to Read MoreAlready a member? Log in here...
Headwinds have not blown Europe off course Fundraising has been challenging for the region but deals soared last year and hopes are high for the remainder of 2025. European private debt activity hit an all-time high in 2024. According to data from Deloitte’s Private Debt Deal Spring Tracker 2025, €68.7 billion was deployed on the…
Fitch Ratings Completes Peer Review of 12 US BDCs Click here to learn more. Fitch Ratings has completed a peer review of U.S. business development companies (BDCs). We have affirmed the Long-Term Issuer Default Ratings (IDRs) on 11 issuers and completed one Review – No Action. The Rating Outlooks for Ares Capital Corporation and Sixth…
Private debt fund versus leveraged loan returns by quarter Download PitchBook’s Report here. Private credit spreads are expected to tighten further, even after new-issue spreads already declined significantly in 2024…. Subscribe to Read MoreAlready a member? Log in here...
1Q25 Syndicated ABL volume up 29% year-over-year at US$22bn US lenders syndicated just over US$22bn of asset-based loan issuance in 1Q25, marking a 29% year-over-year increase and remaining flat compared to the prior quarter…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged Loan Market Dries Up Amid Economic Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The reduction in US institutional leveraged loan issuance has been drastic – with just $3.1b priced through April 22nd, it amounts to the worst month of loan issuance since July 2022’s $3.5b, which followed the Federal Reserve’s historic…
Real estate debt spies comeback Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met. Since interest rates began to rise in 2022, putting significant pressure on borrowers facing looming loan maturities and soaring debt costs, the opportunity…