State of the Capital Markets – First Quarter 2020 Review and Second Quarter 2020 Outlook
|April 21, 2020
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get:
- Review of Current Market Conditions
- Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage
- Review of Credit Quality
- Outlook for Second Quarter 2020
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Latest news
PE exit activity
August 18, 2026
Exit value fell to $102.6 billion in the second quarter—down 46.3% from the prior quarter and 7.4% YoY—while exit count dropped to 353, a 14.1% quarterly decline and a 5.4% rise against Q2 2025.
US BSL and MM CLO Performance Held Stable in July 2026
August 18, 2026
In July 2026, portfolio credit quality in reinvesting Fitch-rated U.S. BSL CLOs remained broadly stable from June. Net portfolio losses held at 0.5%. The Fitch weighted average rating factor also held at 23.1. The Fitch weighted average recovery rate declined slightly by 0.1%, while the weighted average spread fell by 0.01%.
