The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 1.18% to investors in April, marking the largest monthly gain since last May’s 1.53% return. It brings the year-to-date return to 0.61%. Average secondary market prices on US leveraged loans have steadily climbed to 95.49 on April 30 from the March 3 low of 94.60.
Meanwhile the European Leveraged Loan Index (ELOAN) posted a 1.62% return in April – its largest gain since January 2023 when gains totaled 2.33%.
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Q2'26 BDC analysis shows additional 184 bps of nonaccruals at cost
In a universe of 173 business development companies, or BDCs, Octus identified a total of $9.5 billion of debt (at cost) in nonaccrual status reported in the second quarter of 2026, a slight decline of 5% from $10 billion in the first quarter of 2026.
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The story changes depending on which numbers you’re counting.
Private Credit Defaults 101: Different Numbers, Different Stories
In Season 2 of Billions, Bobby Axelrod takes his lawyer Orrin Bach to an empty Yonkers racetrack in the dead of night.