Modern portfolios are largely shaped around public markets, which are influenced by public sentiment as much as underlying fundamentals. However, most US businesses are privately held and accessible only through private equity. The merits of PE as an asset class are manifold, including benefits beyond returns. This week we discover why private equity is an essential element in any private wealth portfolio.
First, there’s diversification and reduced portfolio volatility. Unlike public equities, whose valuations jump with every news headline, PE values are marked quarterly based on performance...
Quote of the Week
“Private credit is not driving a higher level of indebtedness with the U.S. economy. It's taking market share continuously from the high-yield bond market, the leveraged loan market, and banks.” – Andrew Korz, investment research, Future Standard, (FundFire).
Featuring Charts
Chart of the Week: Private-Side Only
US companies that go public are opting to stay private longer. Source: Jay Ritter, University of Florida; Apollo’s The Daily Spark
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Chart of the Week: The Equity Premium
In the long-term private equity pays for more risk with better returns. Source: MSCI
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Chart of the Week: Inventory Check
Private equity remains an attractive option for investors through cycles. Source: PitchBook
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Chart of the Week: State of Returns
For over two decades private equity has outperformed public stocks in state pension plans. Source: Cliffwater
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Chart of the Week: Back in the Game
While PE deals transacted shrunk since 2021, deal values rose over past three years. Source: PitchBook
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Chart of the Week: Private Credit Doubles
Direct lending and BDCs expected to lead the growth of private credit. Source: Fitch Ratings
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Features
Leveraged Loan Insight & Analysis – 2/9/2026
Yield compression progresses in January, drags new-issue loan yields to their lowest in four years Although institutional loan issuance more than doubled from December to January, topping US$141bn, the majority of the business comprised best-efforts transactions executed in drive-by fashion…. Subscribe to Read MoreAlready a member? Log in here...
Octus: Private Credit & Deal Origination Insights – 2/9/2026
M&A Snapshot by Total Debt Quantum Click here to access to the full report. Click here to read the full 2026 outlook. While the much-anticipated surge in M&A activity still has yet to materialize, the latter part of 2025 provided some encouraging signs for a 2026 rebound…. Subscribe to Read MoreAlready a member? Log in
Middle Market & Private Credit – 2/9/2026
U.S. Private Credit and Middle Market Performance Monitor: 4Q25 Click here to learn more. Fitch’s Privately Monitored Ratings (PMR) Portfolio – 4Q25 In the charts above, Fitch presents aggregate data for issuers in its PMR portfolio. Fitch privately rates these issuers on behalf of asset managers…. Subscribe to Read MoreAlready a member? Log in here...
The Pulse of Private Equity – 2/9/2026
Platform LBO and growth equity deals as share of all PE deals Download PitchBook’s Report here. Growth equity continues to represent a substantial share of PE deals. The strategy made up 21.2% of all PE deals in 2025, rivaling buyout activity, which accounted for 21.3% of the year’s deal count…. Subscribe to Read MoreAlready a member?
PDI Picks – 2/9/2026
Private debt performance: what the DPI data shows As part of a series of data-focused observations around private debt performance, we look at DPIs going back to 2010. PEI Group has harnessed its research and editorial strengths to begin producing quarterly Fund Performance Reports for all the alternative asset classes we cover – the first…
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Beginning in July 2022 The Lead Left published a series of articles on credit market. This report consolidates those articles.
Cov-lite trends Inflation & rising interest rates – LIBOR to SOFR transition Mega-tranche uni trend ESG takes center stage Login to view interactive report and download PDF version. … Subscribe to Read MoreAlready a member? Log in here Related posts: 2H 2021 Midyear Outlook Report State of the Capital Markets – Fourth Quarter 2016 Review and
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