US Leveraged Loans Return 4.5% Through October Click here to access Bloomberg’s latest Global Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 0.11% in October, bringing its year-to-date return to 4.50%. Average secondary market prices on US leveraged loans were 96.75 on October 31st, down from a monthly high of…
U.S. Private Credit and Middle Market Performance Monitor: 3Q25 Click here to learn more. Fitch’s Privately Monitored Ratings Portfolio Overview, 3Q25 In the charts above, Fitch presents aggregate data for issuers in its PMR portfolio. Fitch privately rates these issuers on behalf of asset managers…. Subscribe to Read MoreAlready a member? Log in here...
Median step-up from previous PE middle-market fund in fund family Download PitchBook’s Report here. With less capital available to allocate, many LPs are consolidating the number of managers they commit capital to, often siding with managers they have longer-standing relationships with, which tends to be larger megafund managers or a select few in the middle market….
US Institutional loan calendar north of US$43bn at end of October At the end of last week, the forward calendar for institutional loan assets topped US$43bn, the highest level since July of this year…. Subscribe to Read MoreAlready a member? Log in here...
Performance and regulation are worries for LPs Our latest test of investor opinion finds tougher market conditions impacting the responses. In this column we offer readers of the Lead Left a sneaky peek at some of the findings emerging from the latest version of our LP Perspectives annual survey, which will form part of the…
Loan Funds See Inflows After Consecutive Weeks of Outflows Click here to access Bloomberg’s US Leveraged Finance Chartbook Retail investors have returned to loan funds following two consecutive weeks of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $73m in inflows during the week of October 21–28, a reversal from the $704m in outflows…
Rapid US Non-Bank Loan Growth Raises Risk of Wider Losses for Banks Click here to learn more. U.S. regional banks’ recent losses tied to non-bank financial institutions (NBFIs) may signal broader risk from this fast-growing loan segment. While these cases may be fraud-related and idiosyncratic, rapid expansion of NBFI exposures increases the chance that concentrated…
Middle-market exit count as a share of total PE exit count Download PitchBook’s Report here. Exit activity in the US middle market continued its steady, albeit slow pace, producing another slight down quarter in Q2 2025…. Subscribe to Read MoreAlready a member? Log in here...
US middle market private debt fundraising increased 63% to US$56.2bn in 3Q25 LSEG LPC tracked US$56.2bn of US middle market debt fundraising in the third quarter, 63% above 2Q25’s US$34.4bn…. Subscribe to Read MoreAlready a member? Log in here...
Allocations on the increase Our latest GI 75 ranking of private credit’s biggest investors shows allocations increasing, with pension funds and insurers dominant. Eight is the magic number. It is, in fact, the average allocation made to private credit by the institutions featured in this year’s version of Private Debt Investor’s Global Investor 75 ranking…