The challenge of retail capital becomes evident Private credit fund redemptions have put semi-liquid, evergreen funds firmly in the spotlight. The three “Bs” – Blackstone, BlackRock and Blue Owl – have all found themselves at the centre of media coverage focused on investor redemptions. This in turn prompts urgent consideration of the suitability of private…
Private equity firms spend considerable time finding the right business, market, or operating model before making an investment. This is fundamental, not opportunistic. Firms develop a long-term view on which industries or types of companies provide the best growth prospects, and they are selective about where they deploy capital. It should not be surprising, then, that once…
The US was a relative bright spot in global private equity fundraising in 2025. Source: Preqin, McKinsey analysis
The blue line in the chart represents the current dividend yield of the *VanEck BDC Income ETF (BIZD), which reached a five-year high of 13.2% on 27 February 2026 and stands at about 13% as of 2 March 2026. BIZD tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately…
Upcoming Maturities for BDC-Held Software Loans Click here to access the analysis In the near term, private credit restructurings for software companies are likely to be minimal given the relatively low number of loans set to mature over the next few years…. Subscribe to Read MoreAlready a member? Log in here...
US sponsored loan volume tops US$148.7bn YTD, driven primarily by refinancing activity At US$148.7bn, US sponsored lending was down 26% during the first two months of the year compared to the same period last year, with refinancings accounting for US$82.3bn in volume, while new money totaled US$66.4bn, or 55% and 45% of issuance, respectively…. Subscribe
KBRA DLD Default Indices(TTM 3/3/26) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
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
Accordion Inside Maturity (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
AI Disruption Puts Alt-Investment Manager Software Exposures in Focus Click here to learn more. Sharp declines in major software company valuations amid rising investor concerns about AI-driven disruption have raised questions about lenders’ and asset managers’ sector exposure. While direct lenders, including business development companies (BDCs), typically have sizable software exposures, Fitch-rated alternative investment managers…