3Q25 US direct lending loan volume up 10.5% Q-o-Q amid flush of new money activity US lenders placed a combined total of nearly US$87bn of direct lending loan volume in 3Q25 for large corporate and middle market borrowers, an increase of 10.5% compared to 2Q25 results…. Subscribe to Read MoreAlready a member? Log in here...
Multi-regional funds and secondaries on the rise Two trends have emerged from our latest fundraising data to the end of Q3. The US is no longer the capital magnet it used to be. The April ‘Liberation Day’ tariffs were perhaps the biggest shock among the political turbulence that has been unsettling financial markets throughout the…
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
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
US Leveraged Loans See Busiest Third Quarter on Record Click here to access Bloomberg’s US Leveraged Finance Chartbook September’s US leveraged loan activity totaled 101 deals for $93.2b, representing a $13.6b increase (17.1%) over August’s $79.6b. However, this marked a $4.2b decline compared to September 2024…. Subscribe to Read MoreAlready a member? Log in here...
U.S. Private Credit: Sizing Up Defaults Click here to download report. Issuers generating less than $25 million EBITDA defaulted at more than twice the rate of larger companies over the TTM ending 2Q25…. Subscribe to Read MoreAlready a member? Log in here...
Share of BSL-financed LBO count by equity contribution Download PitchBook’s Report here. Since rate hikes began in 2022, buyouts under $1 billion have virtually disappeared from the BSL market…. Subscribe to Read MoreAlready a member? Log in here...
KBRA DLD Default Indices(TTM 10/6/25) (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
3Q25 LBO volume down over 34% year over year; Total sponsored volume up nearly 39% US lenders committed almost US$20bn in LBO loan volume in 3Q25, up modestly compared to 2Q25 results (which came in at just under US$13bn) but down 34% year-on-year…. Subscribe to Read MoreAlready a member? Log in here...
Fundraising puts on a surge in Q3 The Liberation Day announcement put the brakes on capital accumulation in Q2, but it’s come roaring back. Having looked on course for an average year of fundraising at the halfway mark, private debt managers are now on target to have their most fruitful 12 months of the last…