Heads turn to Europe There is renewed investor interest in the region even though it’s not yet becoming evident from the fundraising data. Next week Private Debt Investor welcomes the private credit community to London for our annual Europe Summit. There won’t be any shortage of conversational items on the agenda…. Subscribe to Read MoreAlready
BDC Q4’25 Nonaccruals Octus performed a cross-BDC analysis to identify the total cost and fair value of all tranches held across the BDC sector for any issuer marked as nonaccrual by at least one peer…. Subscribe to Read MoreAlready a member? Log in here...
1Q26 US Sponsored direct lending volume down across financing purposes Direct lenders raised less than US$77bn to back sponsor activity in 1Q26, a 30% decline compared to 4Q25 results…. Subscribe to Read MoreAlready a member? Log in here...
US Software Credit Opinions Vulnerable to EBITDA Stress; US MM CLOs Resilient Click here to learn more. Software Issuers in Credit Opinion Portfolio More Vulnerable to EBITDA Stress Technology software issuers in Fitch’s model-based credit opinion (MCO) portfolio were more vulnerable to credit deterioration under a severe earnings stress than issuers in the portfolio excluding…
PE take-private deal activity Download PitchBook’s Report here. PE take-private activity was robust in Q1 2026, as value rose to $64.3 billion, up 13.0% QoQ and 53.3% YoY, even as deal count fell to 13 from 14 last quarter…. Subscribe to Read MoreAlready a member? Log in here...
Loan Funds See Inflows Following Steady Stream of Redemptions Click here to access Bloomberg’s latest Global Leveraged Loan Index Report Retail investors have returned to loan funds following two months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $265m in inflows this month through April 21, a reversal from the $125m in outflows…
Secondaries on the rise – but views of it differ Alignment is something not everyone can agree on, but there’s little doubt this is a market with strong momentum. Secondaries transaction and fundraising figures moved in one direction last year – up – but when it comes to market sentiment, the direction of travel is…
BDC Holders by Portfolio Company Octus analyzed 27 stressed securities across 23 borrowers and found that fair value pricing varied by as much as 40 points between the lowest and highest marks… Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Launches Remain Muted Amid Wider Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The US leveraged loan market has struggled to regain momentum following a sharp slowdown in issuance in February, as market volatility continues to weigh on activity. This week has shown signs of improvement, as $9.4b has been…
No sign of panic from institutions The likes of pensions and insurers are, if anything, accelerating their commitments to private credit – despite the retail redemption saga. The first quarter of 2026 was the most prolific Q1 for global private credit fundraising in the last five years according to our data, setting the stage for…