Covenant Trends – Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA
|June 7, 2017
Contact: Steven Miller
smiller@covenantreview
Latest news
Top 50 BDCs Accounted for 75% of Nonaccrual Loan Cost in Q2’26
September 30, 2026
The 50 largest BDCs, on the basis of total debt investments as of the second quarter of 2026, accounted for 75% of the total aggregate reported value of nonaccrual debt at cost and fair value.
US private debt AUM ($B) by channel
September 30, 2026
In 2025 and the early part of 2026, the retail channel added AUM to the asset class at a much faster rate than institutional investors in both regions, with growth rates of 43.7% globally, 41.4% in the US, and 73. 1% in Europe through the beginning of 2026 compared with year-end 2024 figures.
