Download PitchBook’s Report here.
Within healthcare services, some of the areas that continue to see the highest levels of sponsor demand and interest, including medspa and outpatient mental health, also have a scarcity of platform-scale assets. A few sponsors have managed to get deals done in the former category this year—including some unannounced activity—but the latter has remained quiet so far. There is more to come in applied behavioral analysis (ABA) on the heels of two larger platform trades earlier in the year, and we think home-based care will continue to be moderately active. Numerous sponsors are also looking at long-term care (LTC) staffing and other nurse and allied staffing plays.
(Past performance is no guarantee of future results.)
Latest news
Top 50 BDCs Accounted for 75% of Nonaccrual Loan Cost in Q2’26
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
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.
