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Bloomberg: Leveraged Lending Insights – 4/14/2025

Launch Drought Extends to 14 Days, Setting Bleak New Record Click here to access Bloomberg’s US Leveraged Finance Chartbook Wednesday, April 16th was the 14th business day running without a leveraged loan launch, marking the longest such primary issuance draught since Bloomberg began tracking the data in 2013…. Subscribe to Read MoreAlready a member? Log

Middle Market & Private Credit – 4/14/2025

Inflows, Competition to Pressure Perpetual BDC Earnings, Asset Quality Click here to learn more. The elevated competitive underwriting environment for business development companies (BDCs) will persist in 2025 due to significant capital being raised, especially in perpetual, non-traded BDCs amid sluggish M&A activity. The difficult environment will negatively affect earnings and asset-quality metrics, while also…

PDI Picks – 4/14/2025

Distress takes the fundraising limelight Q1 2025 saw a reversal in fortunes, with direct lending making a slow start to the year. In recent years it’s almost felt as if direct lending has been the only game in town. Whenever Private Debt Investor collects global fundraising data, we always break it down by target strategy….

The Pulse of Private Equity – 4/7/2025

New-issue spread and yield to maturity of loans backing LBOs by quarter Download PitchBook’s Report here. Borrowers and sponsors, in turn, increasingly appreciated private credit’s certainty of execution, flexibility, willingness to offer PIK options and delayed-draw term loans, and bespoke terms that facilitated navigating downturns…. Subscribe to Read MoreAlready a member? Log in here...

Bloomberg: Leveraged Lending Insights – 4/7/2025

Loan prices plummet in secondary market amid tariff-fueled volatility Secondary market bids on US leveraged loans have tumble 329 bps from their January high to an average bid of 94.41 on April 9th, the lowest level seen since July 2023, according to the Morningstar LSTA US Leveraged Loan Index…. Subscribe to Read MoreAlready a member?

Leveraged Loan Insight & Analysis - 4/7/2025

Institutional loan repricings decline alongside secondary loans in 1Q25 The secondary loan market had a deceivingly challenged quarter. Par-plus loans accounted for more than 53% of the market at the start of the year, peaked above 56% in mid-January, then ended 1Q25 at a three-month low of 12%…. Subscribe to Read MoreAlready a member? Log

PDI Picks – 4/7/2025

Fundraising bounces back The early signs in 2025 are positive as capital raisers enjoyed a prolific three months and distressed strategies increased market share. The first quarter of the year was the strongest Q1 on record for private credit fundraising with a huge $74.1 billion raised according to PDI data…. Subscribe to Read MoreAlready a