Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. What are Key Trends to Watch for BDCs? Fitch’s 2025 sector outlook for BDCs remains ‘deteriorating’ as continued spread pressure and additional non-accruals will likely weaken earnings and dividend coverage for BDCs in 2025…. Subscribe to Read MoreAlready a member? Log in
PE Index quarterly returns Download PitchBook’s Report here. Preliminary Q4 2024 returns suggest a quarter of weaker performance, potentially tilting the yearly returns for 2024 back into single digits…. Subscribe to Read MoreAlready a member? Log in here...
How do middle market lenders characterize the quality of 2Q25 loan supply? According to preliminary results from LSEG LPC’s quarterly middle market lender outlook survey, a large majority (81%) of respondents say they were not able to lend as much as they wanted in 2Q25…. Subscribe to Read MoreAlready a member? Log in here...
Leveraged Loan Launches Keep Pace as Global Tensions Mount Click here to access Bloomberg’s US Leveraged Finance Chartbook Through June 17th, 59 deals for $47.8b have launched into the US leveraged loan market this month for a 53% improvement from the full month of May figure. Weekly launches exceeded $20bn during the week ending June…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. How Does the Change in Rate Outlook Affect Middle-Market Borrowers? Despite concerning growth in the number of issuers with coverage at or below 1x, the median issuer’s metrics have remained relatively stable. Approximately 48% of all issuers are estimated to have 2024E…
Alternative asset manager deal activity ($B) Download PitchBook’s Report here. Deals involving GPs as an acquiree or investment target saw record activity in 2024, with 141 deals worth an aggregate deal value of $47.9 billion…. Subscribe to Read MoreAlready a member? Log in here...
Bank loans, high-yield bonds provide boost to levfin origination in May US leveraged finance issuance reached nearly US$127bn in May, up more than 60% from April’s US$78bn pipeline…. Subscribe to Read MoreAlready a member? Log in here...
Families turn to private credit The asset class is moving beyond its traditional institutional investor base. Where insurance firms, pension schemes and other institutional investors have ventured en masse, family offices are increasingly dabbling in what, for many of them, is a new area. Their average allocation to private debt doubled from 2 percent to…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. Do Banks Face Financial Stability Risks from Private Credit (PC) Exposure? The financial stability risks from banks’ direct exposure to PC are currently limited despite its rapid growth over the last several years. This is largely due to the typical structure of…
US Leveraged Loan Issuance Picks Up in May, Accelerates in June Click here to access Bloomberg’s US Leveraged Finance Chartbook May’s 41 deals for $31.6b was up $21.4b, or 210% from April’s $10.2b, bringing year-to-date volume to $381b (down 31% from last year). In percentage terms, May’s rebound from April is the strongest since last…