Chart of the Week: Queue Here
Investor education is becoming critical as quarterly redemption limits are being tested. Source: Data is derived from publicly available information, including U.S. Securities and Exchange Commission filings.
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KBRA Direct Lending Deals: News & Analysis – 4/20/2026
KBRA DLD Default Indices(TTM 4/21/26) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Debtwire Middle-Market – 4/20/2026
Direct lending ends 4Q25 with its strongest quarter in three years Direct lending volumes surged 24% quarter-on-quarter (QoQ) to USD 119.5bn in 4Q25, compared with USD 96.2bn in 3Q25. The volume in 4Q25 is also the highest quarterly total recorded for direct lending in the past three years, according to Debtwire data, beating 2Q24’s USD…
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LevFin Insights: High-Yield Bond Statistics – 4/20/2026
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Middle Market & Private Credit – 4/20/2026
US Software Credit Opinions Vulnerable to EBITDA Stress; US MM CLOs Resilient Click here to learn more. Software Issuers in Credit Opinion Portfolio More Vulnerable to EBITDA Stress Technology software issuers in Fitch’s model-based credit opinion (MCO) portfolio were more vulnerable to credit deterioration under a severe earnings stress than issuers in the portfolio excluding…
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The Pulse of Private Equity – 4/20/2026
PE take-private deal activity Download PitchBook’s Report here. PE take-private activity was robust in Q1 2026, as value rose to $64.3 billion, up 13.0% QoQ and 53.3% YoY, even as deal count fell to 13 from 14 last quarter…. Subscribe to Read MoreAlready a member? Log in here...
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Bloomberg: Leveraged Lending Insights – 4/20/2026
Loan Funds See Inflows Following Steady Stream of Redemptions Click here to access Bloomberg’s latest Global Leveraged Loan Index Report Retail investors have returned to loan funds following two months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $265m in inflows this month through April 21, a reversal from the $125m in outflows…
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The OG of Private Credit: The Liquidity Mirage
The word “private” in private credit signifies not just “non-public,” but “non-traded.” This is important from an investor perspective because it means you cannot readily buy or sell private assets the way you can stocks and bonds. These assets are called alternatives because they — like real estate and infrastructure — complement liquid assets. It…
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Covenant Trends – 4/13/2026
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored vs. Non-Sponsored (LTM) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
PDI Picks – 4/20/2026
Secondaries on the rise – but views of it differ Alignment is something not everyone can agree on, but there’s little doubt this is a market with strong momentum. Secondaries transaction and fundraising figures moved in one direction last year – up – but when it comes to market sentiment, the direction of travel is…
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