BDC share price to net asset value remains under pressure BDC valuations remain under pressure, driven by negative headlines around private credit and fears around the potetial impact of AI on software companies, a sector in which many BDCs have sizeable stakes…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Launches Ramp Up on Market Optimism Click here to access Bloomberg’s US Leveraged Finance Chartbook The US leveraged loan market has seen launches totaling $34.75b through Wednesday April 13, marking the first time weekly launches have topped $30b since February. The market has struggled to regain momentum following a sharp slowdown in…
Spreads Widened Large Cap Deals, Were Relatively Flat for Middle Market Deals If you are interested in the full report, please email kim.giancaspro@octus.com While the year typically starts quietly, increased BDC redemptions, AI disruption concerns, and a sluggish M&A environment hindered deal flow…. Subscribe to Read MoreAlready a member? Log in here...
U.S. Private Credit and Middle Market Performance Monitor: 1Q26 Click here to learn more. Private Credit Default Rates The PMR default rate based solely on bankruptcies, liquidations, and out-of-court restructurings was 1.9%…. Subscribe to Read MoreAlready a member? Log in here...
Technology loans move higher but continue to trade at a discount to the broader secondary market Technology loans continue to trade at a discount to the broader secondary market, as investors have reassessed their exposure to the software sector amid fears that AI could disrupt companies in this sector…. Subscribe to Read MoreAlready a member?
PE exit activity by quarter Download PitchBook’s Report here. US PE exit activity pulled back in Q1 2026, as the many headwinds made it difficult to maintain the momentum seen in H2 2025…. Subscribe to Read MoreAlready a member? Log in here...
Can senior debt’s strong performance be maintained? The IRRs delivered by the strategy since 2017 have been impressive. The asset class is coming under scrutiny but will aim to prove the doubters wrong. It’s been a good time to be investing in senior debt, as indicated by our proprietary chart showing top quartile, bottom quartile…
US Leveraged Loans Post Largest Monthly Gain Since Last May The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 1.18% to investors in April, marking the largest monthly gain since last May’s 1.53% return. It brings the year-to-date return to 0.61%…. Subscribe to Read MoreAlready a member? Log in here...
Cross-BDC Analysis Shows 73 bps of Additional Nonaccrual Exposure at Cost (2.18% Adjusted vs. 1.45% Reported) For access to the full analysis and underlying data please visit here or reach out to kim.giancaspro@octus.com… Subscribe to Read MoreAlready a member? Log in here...
U.S. Banks Increase Private Credit Disclosures Amid Continued Scrutiny Click here to learn more. U.S. bank disclosures regarding private credit exposures improved in the first quarter of 2026, although inconsistencies relative to regulatory reporting remain an area for improvement, according to Fitch Ratings. Several large banks provided additional detail on lending to business development companies…