Institutional loan repricings return in May, with issuers wielding most of the negotiating power With more than 40% of secondary loans trading above par despite a 96-handled average bid, the repricing trade has come bustling back for issuers able enough and ready to go…. Subscribe to Read MoreAlready a member? Log in here...
North America remains investor favourite Despite talk of Europe becoming the new fundraising magnet, the data is not showing any significant change in LP appetite. There has been much written about the attractions of European private credit of late. Moreover, the region’s perceived strengths are frequently compared with the challenges facing aspects of the North…
The Growing Footprint of Private Equity Activities in European Lending Sponsor-backed activity is reshaping European credit markets, with direct lending serving as the primary engine of growth…. Subscribe to Read MoreAlready a member? Log in here...
Retail Investors Return to Loan Funds Amid Shifting Rate Expectations Click here to access Bloomberg’s latest Global Leveraged Loan Index Report Retail investors have steadily returned to leveraged loan funds following two consecutive months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $359m in inflows this month through May 19, building on $528m…
U.S. Private Credit and Middle Market Performance Monitor: 1Q26 Click here to learn more. Fitch’s Privately Monitored Ratings Portfolio – 1Q26 In the charts above, Fitch presents aggregate data for issuers in its PMR portfolio. Fitch privately rates these issuers on behalf of asset managers. 2025F figures remain forecast, as audited financials for privately rated…
Continuation-fund-related exit count Download PitchBook’s Report here. For Q1 2026, we tracked 38 exits through continuation funds totaling $10.8 billion when including estimates for nondisclosed transactions…. Subscribe to Read MoreAlready a member? Log in here...
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...