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Middle Market & Private Credit – 9/22/2025

Rents, Lease Pass Throughs Support US Data Centers Amid Higher Costs Click here to learn more. Tariffs, geopolitical tensions, and federal policy changes are disrupting supply chains, increasing data center and utility capex and operating costs, according to Fitch Ratings in its new report U.S. Data Centers Resilient Amid Rising Costs…. Subscribe to Read MoreAlready

PDI Picks – 9/22/2025

Higher risk not always higher return Investors are mulling opportunities beyond direct lending but moving up the risk curve doesn’t guarantee better results. Direct lending dominated private debt fundraising last year – accounting for 65 percent of the total – prompting us to investigate in a recent Private Debt Investor cover story whether investors are…

Swiss Army Knife of Capital (Part Two)

Beyond yield, advisors and direct contribution (DC) plans look to private credit for diversification and deployment.  These goals are not unrelated. Quantity over quality, particularly at the higher end of the middle market or the large cap space, can result in chunky portfolio positions. These can add significantly to risk. A default or loss in…

Middle Market & Private Credit – 9/15/2025

US BDC Robust Unsecured Debt Issuance Reduces Funding, Liquidity Risk Click here to learn more. Strong unsecured debt issuance has continued for rated business development companies (BDCs) in 2025 amid favorable market conditions that have materially reduced refinancing risk and signaled a further deepening of the investor base. The best-positioned BDCs benefit from diverse funding…

The Pulse of Private Equity – 9/15/2025

Private debt nowcast vs. reported returns Download PitchBook’s Report here. The Private Debt Barometer currently holds a stable, slightly positive score of 53, with a nowcast of 2.6% and a desmoothed nowcast of 2.9% for Q2 2025…. Subscribe to Read MoreAlready a member? Log in here...