TheLeadLeft

Debtwire Middle-Market – 6/29/2026

Stronger primary issuance and rising bids mask fragility in leveraged loan market sentiment Secondary loan prices rallied in May, reopening the refinancing window and causing a spike in primary activity. Despite these highly positive markers, signs remain that the recovery may prove short-lived.Recent loan trading levels suggest a gradual improvement after the softness seen earlier…

Covenant Trends - 6/29/2026

Percentage of Loans with F&C Tranche Growers (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Middle Market & Private Credit – 6/29/2026

Credit Journal-Private Credit Click here to download report. 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…. Subscribe to Read MoreAlready a member? Log in here...

The Pulse of Private Equity – 6/29/2026

Share of PE IRR distribution by TEV size bucket (weighted by invested capital) Download PitchBook’s Report here. Source: SPI by StepStone / Geography: US / As of December 31, 2025 Pooled IRRs for recent middle-market vintages have compressed alongside the broader cycle. The 2021 vintage stands at 13% pooled and the 2022 vintage at 11.5%…. Subscribe

Leveraged Loan Insight & Analysis - 6/29/2026

At US$465bn, 2Q26 US syndicated loan volume buoyed by 22% jump in investment grade lending US lenders completed over US$936Bn of loan issuance via the broadly syndicated market in 2Q26, to bring 1H26 totals to nearly US$1.873trn, up roughly 6% compared to the same time last year…. Subscribe to Read MoreAlready a member? Log in