Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
Business of Private Credit: Safety, Not Size
Even the best credit managers have loans that go bad. What separates them from everyone else is the history and experience they bring to working these problems out.
|
August 5, 2026 
Share of PE middle-market exit value by type
Middle-market exit activity carried through into 2026, with a Q1 total exit value of $32 billion across 218 transactions, up 14% and 1.5% YoY, respectively.
US TLB pricing tightens on repricings and refinancings
Average US TLB pricing tightens amid flush of repricings and refinancings Amid a limited new money leveraged loans pipeline, refinancings…
More than meets the eye
The sectors you pick determine everything that follows. Source: Cliffwater Direct Lending Index
Senior debt shows strong deployment
The strategy’s popularity with investors peaked in 2024, as did the amount of capital being deployed. In 2024, amid a…
US Leveraged Loan Prices Rise Ahead of Fed Meeting
Following a Federal Reserve Open Market Committee meeting in which all 12 members unanimously voted to hold rates steady in…
Q1'26: Non-Accrual Issuers Due Through 2028 Up 4%
The number of issuers with nonaccruals maturing through 2028 increased by 4% in Q1’26
U.S. Private credit default rate remains at record high 6.0% in May 2026
Fitch’s Privately Monitored Ratings Portfolio – 1Q26 Fitch recorded 19 downgrades and three upgrades in 1Q26, continuing the trend of…
US PE middle-market deal activity by quarter
The middle market got off to its strongest start since 2021, even as its share of PE deal value dropped to the lowest level on record.
BDC investments maturing by end of 2027 total over US$21bn, representing 8.5% of loan assets
The maturity profile of BDC loan investments does not point to a major deterioration in the near-term. Looking at the…
North American performance matches up well
An examination of recent vintages shows why the region is an investor favourite. Looking at the accompanying charts from Private…
Beyond The Mark
How are direct lending loan values calculated? We introduced the topic in our “Par for the Course” installment last month.…
Closer Than You Think
Turns out, the marks agree more often than not. Source: KBRA
US syndicated sponsored loan volume tops US$483.8bn YTD, driven primarily by refinancing activity
US sponsored lending reached US$483.8bn year-to-date through May of 2026, marking an increase of 29% compared to the same period…
US Leveraged Loan Launches Remain Steady in June
The US leveraged loan market has seen launches totaling $19.13b through Wednesday June 10, following $22.85b of deal flow last…
The Business of Private Credit (First of a Series)
What’s so special about the middle market? In a world where every conversation seems to revolve around AI, mega-software M&A, and data center infrastructure…