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 
Cross-BDC Analysis: Adjusted Nonaccruals Reach 2.18%
Cross-BDC Analysis Shows 73 bps of Additional Nonaccrual Exposure at Cost
U.S. Banks Increase Private Credit Disclosures Amid Continued Scrutiny
U.S. bank disclosures regarding private credit exposures improved in the first quarter of 2026, although inconsistencies relative to regulatory reporting…
Interval and tender offer fund net flows ($B) by strategy
Evergreen fund assets essentially doubled from 2022 to 2025.
US CLO issuance totaled US$6.2bn in April, the lowest since December 2023
New-issue US CLO volume amounted to US$6.2bn in April via 14 deals, down from US$18.1bn raised from 38 deals during…
US Leveraged Loan Issuance Continues Decline in April
New issuance continued to trickle in this April, with just $25.06b priced through the 29th, down approximately 15% form last…
Consumer Discretionary Overtakes Tech in Q4'25 Nonaccruals
Consumer Discretionary Overtakes Information Technology as Top Nonaccruals Sector by Number of Issuers in Q4’25 To request access to the…
US BDCs Face Persistent Earnings Pressure and Asset Quality Risks
U.S. business development companies (BDCs) face increasing pressure in 2026 as slower capital inflows and elevated redemptions weaken liquidity, while competitive underwriting and interest rates weigh on asset quality and earnings.
US PE EV/EBITDA multiples
Global buyout valuations have held steady through the opening months of 2026…
Refinancings drove record 1Q26 US ABL volume, excluding the 1Q23 LIBOR/SOFR surge
US syndicated ABL activity rose sharply in 1Q26, with total issuance reaching US$29.9bn, up 31% year-over-year and marking the strongest…
Heads turn to Europe
There is renewed investor interest in the region even though it’s not yet becoming evident from the fundraising data. Next…
At Any Rate
Default metrics aren’t created equal. How a default is defined and measured can tell very different stories — so knowing…
Middle Market Deal Terms at a Glance - April 2026
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
BDC Q4'25 Nonaccruals
Octus performed a cross-BDC analysis to identify the total cost and fair value of all tranches held across the BDC…
The OG of Private Credit: By Default
Beyond structural pressures, liquidity mismatches, and conflation with large cap strategies, the most fundamental question for any credit investor: What is the actual risk of losing money?