Global private debt dry powder ($B) Download PitchBook’s Report here. Halfway through 2024, private debt dry powder sat at $566.8 billion—a new high—and is on track for its second consecutive year of growth…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loans Post Consecutive Monthly Losses Click here to access Bloomberg’s US Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN), a measure of the US institutional, broadly syndicated, leveraged loan market, continued its downward trend in April…. Subscribe to Read MoreAlready a member? Log in here...
Slower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions and broader economic uncertainty compound existing credit headwinds…. Subscribe to Read MoreAlready a member? Log in here...
Private credit offers issuers some certainty during uncertain times, although comes with a cost No matter which market borrowers opted to tap, financing conditions seemed more than accommodating as we approached the second quarter…. Subscribe to Read MoreAlready a member? Log in here...
Private debt institutional, retail, and insurance AUM ($B) Download PitchBook’s Report here. Since 2019, PitchBook has tracked 207 private market fund launches across these three vehicle types, all targeting the private wealth channel; the total net assets in these vehicles were $274.8 billion as of July 31, 2024…. Subscribe to Read MoreAlready a member? Log in
Defaults stay subdued for now The latest Proskauer study suggests loans are demonstrating impressive resilience but there should be no room for complacency. Defaults may not provide a conclusive picture of the amount of stress in the private credit universe but they’re still one of the best – and most commonly referenced – measurements that…
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...