Leveraged Loan Insight & Analysis – 2/7/2022

BDC visible loans benchmark edges lower year-to-date


Valuations of actively marked BDC loans have edged marginally lower so far in 2022, continuing the trend seen in 4Q21. This follows a sharp appreciation in valuations during the 1-3Q21 time-period as companies bounced back from COVID hit 2020.
The Refinitiv LPC BDC Visible Loans Benchmark (comprised of $19bn in BDC held loans with active mark-to-market pricing) currently stands at 96.53, down 7bp year-to-date.