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 10.7%, decline from the highest YTD level of 12.1% in May)… Subscribe to Read MoreAlready a member? Log in here...
Source: PitchBook LCDContact: Marina Lukatskymarina.lukatsky@pitchbook.com
The traditional equities and fixed-income model is under-performing the historic average. Source: Bloomberg, The Daily Shot(Past performance is no guarantee of future results.)
The confusion around differences between public and private credit dynamics has been compounded by the rapid growth of the illiquid asset class. The middle market was infrequently on investors’ radars until it began to rival broadly syndicated loans and high-yield bonds in size. At $1.5 trillion, private credit has caught up with both, and by…
This week we chaired Day One of SuperReturn’s Private Credit US conference in New York. It’s a measure of the popularity of the asset class (and the outstanding agenda) that the auditorium was standing room only. Not including other SuperReturn strategy sessions on another floor. In preparing for the opening keynote, we gave thought to […]
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 10.9%) that tracks the overall performance of publicly… Subscribe to Read MoreAlready a member? Log in here...
Fitch’s Privately Monitored Middle Market Portfolio Overview, 3Q23 Fitch expects revenue growth to moderate to the mid-single digits in 2023 after two strong years of double-digit growth following normalization after the pandemic, given a slowing economy and limited M&A…. Subscribe to Read MoreAlready a member? Log in here...
BDC debt valuations increase in 3Q23 BDC debt valuations climbed across the board in 3Q23, with riskier debt outperforming as hopes of an economic soft landing increased…. Subscribe to Read MoreAlready a member? Log in here...
Year-to-Date Default Volume, Count Contact: Eric Rosenthaleric.rosenthal@kbra.com
LPs remain cautious on fundraising The current environment for deal-doing in private debt appears to be strong, but there are reasons why GPs may still struggle to attract investor support. Sleigh bells may not quite be ringing yet, but at Private Debt Investor we decided that we were close enough to the end of the year to…