The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.9% as of 30 January, versus its five-year peak of 12.8% on 8 April 2025) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to…
U.S. Private Credit and Middle Market Performance Monitor: 4Q25 Click here to learn more. Private Credit Default Rate (PCDR) The U.S. PCDR rose to 5.6% for the TTM ending 4Q25, the second-highest level since tracking began in August 2024. This is just below the peak of 5.7% seen in both February and November 2025, but…
KBRA DLD Default Indices(TTM 2/3/26) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Latest crop of loan defaults underscores how steep losses can get when credit situations go wrong Secondary trading in the largest and most recently defaulted institutional loans offers a glimpse of how steep losses can get when leveraged credit situations go wrong…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Returns Start Year in the Red The Bloomberg US Leveraged Loan Index (Ticker: LOAN) posted a negative return of -0.18% in January, marking the first monthly decline since last April. Average secondary market prices on US leveraged loans were 96.18 on January 30th after slipping 75bps from the December 31st figure of…
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
Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Over $3 Billion of Loans (at Cost) in Non-Accrual Status as of Q3’25 Mature Through 2027 Click here to read the full release. According to Octus data, 2025 credit issuance remained resilient for the second consecutive year, defying market volatility as private credit cemented its status as a mainstream financing powerhouse…. Subscribe to Read MoreAlready
PE take-private deal activity Download PitchBook’s Report here. Take-private deal value was buoyed by a handful of gargantuan deals, even as the number of transactions declined YoY…. Subscribe to Read MoreAlready a member? Log in here...
Credit secondaries take flight Secondaries is a part of the private credit market that gained momentum last year and shows no signs of slowing. This week has brought further evidence of the continuing rise of private credit secondaries, with French fund manager Eurazeo announcing a €480 million continuation vehicle backed by Pantheon…. Subscribe to Read