US syndicated sponsored middle market loan volume totals US$4.3bn in 2Q23

Chart

Sponsored-related activity in the loan market has been slower in recent quarters as higher interest rates and tightening lending conditions has made it more difficult for private equity shops to execute on M&A deals. Private credit continues to take a much larger share of sponsored middle market loan volume, so when narrowing it down to the syndicated middle market, the result is even lower loan volumes.