U.S. Alternative Investment Manager Ratings Stable Despite Challenging 2026 Click here to learn more. Fitch Ratings expects the credit profiles of rated alternative investment managers (alt IMs) to remain stable despite a difficult backdrop. Rated alt IMs benefit from investor consolidation, as periods of uncertainty increase demand for scaled, multi-strategy platforms…. Subscribe to Read MoreAlready
Yield premium on direct lender arranged MM sponsored deals tightened in 4Q25 Yields for large corporate and middle market(MM) sponsored loans – whether executed via the broadly syndicated or direct lender loan markets – tightened in 4Q25 amid abundant lender liquidity and inadequate supply of new deal flow to meet demand…. Subscribe to Read MoreAlready
New Year Kicks Off with Busy Month of Leveraged Loan Launches At $168.0b in launches through January 28th, the US institutional leveraged loan market has been off to a hot start in 2026, good for the seventh busiest month of launches on record. Following $57.5b launches during the week ending January 16th, issuers continued to…
Median step-up from previous PE middle-market fund in fund family Download PitchBook’s Report here. As capital continues to concentrate among fewer managers, conditions have favored those raising larger vehicles. Eight funds of $1 billion or more held final closes in Q3, the most of any quarter this year…. Subscribe to Read MoreAlready a member? Log in
Investors still warming to private credit Our research finds more than half of LPs are wanting to increase their investment into the asset class. With the economic and geopolitical backdrop in 2026 continuing to be volatile – and, in some ways perhaps, becoming even more turbulent than last year – is there a danger of…
Over $3 Billion of Loans (at Cost) in Non-Accrual Status as of Q3’25 Mature Through 2027 Click here to learn more. Click here to download report. As markets search for signs of stress in private credit, Octus has focused on loans held by business development companies (BDCs) to identify key warning signals—particularly the uptick in…
Continuation-fund-related PE exit count Download PitchBook’s Report here. Exits through continuation funds, also known as GP-led secondaries, are one way that sponsors can provide liquidity to LPs while also giving themselves more time to create additional value within their portfolio companies…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Launches Top $55bn in Second Week of 2026 The US leveraged loan market kicked off the new year in high gear, with $55.3b worth of deals launching to market during the week ending January 16th. It was the sixth busiest week for launches on record since Bloomberg began tracking the data in…
US private credit lending continued on its upward trajectory in 4Q25, driven by a jump in new money financings US direct lending sponsored volume climbed to US$109bn in 4Q25, an increase of 19% from the prior quarter. This uptick was driven by add-on M&A (+78%) and LBOs (+23%), which helped push new money financings up…
Insurers top of allocations table But our Investor Report finds that around two-thirds of institutions consider themselves under-allocated to the asset class. Public pensions may be the typical investor in private credit – accounting for 46 of the top 75 allocators to the asset class in Private Debt Investor’s annual Global Investor 75 ranking – but insurance companies are the ones apparently prepared to carve out the…