Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12% as of 24 October, versus its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…
Average New-Issue Clearing Spreads (Single B) and Covenant Terms for All First-Lien Institutional Loans (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Rapid US Non-Bank Loan Growth Raises Risk of Wider Losses for Banks Click here to learn more. U.S. regional banks’ recent losses tied to non-bank financial institutions (NBFIs) may signal broader risk from this fast-growing loan segment. While these cases may be fraud-related and idiosyncratic, rapid expansion of NBFI exposures increases the chance that concentrated…
Middle-market exit count as a share of total PE exit count Download PitchBook’s Report here. Exit activity in the US middle market continued its steady, albeit slow pace, producing another slight down quarter in Q2 2025…. Subscribe to Read MoreAlready a member? Log in here...
US middle market private debt fundraising increased 63% to US$56.2bn in 3Q25 LSEG LPC tracked US$56.2bn of US middle market debt fundraising in the third quarter, 63% above 2Q25’s US$34.4bn…. Subscribe to Read MoreAlready a member? Log in here...
Allocations on the increase Our latest GI 75 ranking of private credit’s biggest investors shows allocations increasing, with pension funds and insurers dominant. Eight is the magic number. It is, in fact, the average allocation made to private credit by the institutions featured in this year’s version of Private Debt Investor’s Global Investor 75 ranking…
UAE’s shift from oil-centric to a broader industrial economy will propel PE investments. Source: imarc
We wrap our recent MENA travelogue with a keen look at Abu Dubai and Dubai, the principal emirates of the UAE. According to the Khaleej Times, the region “is emerging as a global magnet for capital, bolstered by rising foreign investor appetite, strong fundamentals, and a robust pipeline of IPOs across diverse sectors.” Given this…
Unitranche spreads tighten for large corporate issuers in 3Q25, while middle market spreads were flat QoQ The most recent quarter continued to be marked by robust competition among direct lenders amid lower than hoped for deal flow, with 73% of direct lenders in LPC’s recent Middle Market Outlook Survey saying they were not able to…
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