BDC AUM growth shows no signs of slowing, climbing to US$438bn BDC market growth shows no signs of slowing, with assets under management (AUM) soaring to a record US$438bn in 4Q24…. Subscribe to Read MoreAlready a member? Log in here...
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
Percentage of Loans with F&C Tranche Growers (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
After seven straight weeks of cash in-flows, high-yield funds showed out-flows. Source: Morningstar/PitchBook
The notion of a post-rate world is arguable, as anyone in the capital markets over the past two decades would attest. But with so many variables in today’s crosswinds, investors in private capital believe that, as a relative matter, the direction of interest rates is less significant than how tariff policies will roll out in the…
When you’re successful, everyone wants a piece of you. That’s the challenge private credit faces today. It’s grown from a small, largely ignored corner of leveraged loans called the middle market two decades ago to an asset class rivaling both broadly syndicated loans and high-yield bonds. And now private credit is drawing attention from sophisticated […]
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
US Leveraged Loan Primary Market Slowdown Continues After a record start, US leveraged loan launches last week fell to their lowest level this year at just $10.56b. This week, just $4.51b has launched through March 19th, as the pace of issuance over the last four weeks has slowed to an average of $14.4b compared 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 11% as of 17 March) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
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