Banks and Private Credit
As we continue our series examining the effects of interest rates and a potential recession on private credit, we now need to add bank failures. Economic and market indicators – Treasury spreads, the forward curve, asset prices, to name a few…
▶︎ Read Mar 20 2023 newsletter: here
▶︎ Chart of the Week: here (by Lincoln Senior Debt Index)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
Latest news
Software, consumer-related direct lending deals fell in H1'26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Unconquered Territory
With most of the map still unexplored, there’s room for a sequel.