Banks and Private Credit
As we continue our series examining the effects of interest rates and a potential recession on private credit, we now need to add bank failures. Economic and market indicators – Treasury spreads, the forward curve, asset prices, to name a few…
▶︎ Read Mar 20 2023 newsletter: here
▶︎ Chart of the Week: here (by Lincoln Senior Debt Index)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
Latest news
U.S. LevFin markets steady in 2Q26; credit quality divide widens
North American leveraged finance markets remained active in 2Q26, but performance gaps across credit tiers widened, according to a new Fitch Ratings report.
Lack of new issues clouds CLO market
It’s been boom time in the leveraged loan market but now that market has eased off, what are the implications…
Multiples on PE buyouts
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.