And You Thought Cov-Lite Was a Problem

https://theleadleft.com/wp-content/uploads/2026/06/cropped-THE-LEAD-ICON.png
Content hub / Article / And You Thought Cov-Lite Was a Problem

As our faithful readers know, the Lead Left is a keen observer of the heavens. So it’s with great interest that an observatory in Crimea detected an interstellar visitor – a comet called Borisov, that will swing it close the Earth just in time for Christmas.

According to one astronomer, “It might behave the same as comets from our own sun, or it might not.”

Closer to home, similar uncertainty surrounds the behavior of interest rates. The Fed will continue to signal to markets to expect one more rate cut to combat a sluggish economy and trade worries… or it might not.

There are no clear signs for policy makers one way or the other. Evidence exists of a still-growing economy as reflected in recently higher Treasury yields and close to record high on the Dow and S&P. But a long list of headline risks are having a dampening effect. Not to mention the political risk of a less-than-dovish Fed…

▶︎ Read Sept 16 2019 newsletter: here

Making sense of private credit defaults

Webinar

Making sense of private credit defaults

What does private credit default data really tell us? Join our exclusive webinar featuring experts from KBRA, Moody's, Fitch Ratings, and S&P Global to find out.
Register
Credit Journal-Private Credit

Report

Credit Journal-Private Credit

Fitch Ratings’ latest Credit Journal series is a subject-specific, curated compilation of in-depth research and commentary. This edition explores the growing world of private credit, including non-bank lending across business development companies.
Download
PitchBook's US PE Middle Market Report

Report

PitchBook's US PE Middle Market Report

The middle market is off to its best start to a year since 2021, but its share of PE keeps slipping.
Download
Private Debt Investor New York Forum

September 15-16, Hudson Yards, New York

Private Debt Investor New York Forum

Bringing together the investors, managers and advisers shaping the next phase of the market — 200+ allocators and $10.6 trillion of LP capital expected. Benchmark strategies, hear from leading LPs, and cut through market noise over two unmissable days.
Learn more

Latest news

    US Leveraged Loan Launch Activity Moderates in July

    The US leveraged loan market has recorded $14.01b of new launches through Wednesday, July 22, following $20.91b of issuance the…

    Read More

    US Direct Lending Spread Per Turn of Leverage Widens

    Wider spreads and slightly lower leverage provided lenders with better risk-adjusted pricing across all deal sizes in the second quarter.

    Read More

    Concentrated Effort

    Tech deals favored upper end of market, especially in 2021 when software valuations peaked. Source: KBRA DLD Research

    Read More