The blue line in the chart represents the current dividend yield of the *VanEck BDC Income ETF (BIZD), which rose to 13.4% by 30 March (up 157bps YTD vs. 11.79% on 31 December 2025), as BDCs repriced lower with many trading below NAV amid potential increase in default rates among portfolio companies due to AI…
Tech selloff makes waves in leveraged loan market The percentage of tech loans trading above par in the secondary loan market plummeted from a high of 47% on 14 January to just 13% on 30 January, according to Markit data compiled by Debtwire. While the rest of the market initially rebounded nearly 10% after the…
The blue line in the chart represents the current dividend yield of the *VanEck BDC Income ETF (BIZD), has reached a five-year high of 13.4% on 13 March. BIZD tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to be below investment grade or…
The blue line in the chart represents the current dividend yield of the *VanEck BDC Income ETF (BIZD), which reached a five-year high of 13.2% on 27 February 2026 and stands at about 13% as of 2 March 2026. BIZD tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately…
Soaring sponsor-backed M&A activity sets stage for resurgent debt market in early 2026 Sponsor-backed M&A transactions totaled USD 165bn in December 2025, the second-highest monthly volume in the past decade, just trailing USD 168bn in April 2021, according to Mergermarket data…. Subscribe to Read MoreAlready a member? Log in here...
The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.3% as of 12 February, versus its five-year peak of 12.8% on 8 April 2025) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend…
The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.9% as of 30 January, versus its five-year peak of 12.8% on 8 April 2025) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to…
LBOs and refinancing drive direct lending rebound in 3Q25 Direct lending volumes saw a substantial rise in 3Q25, climbing 26% quarter-on-quarter (QoQ) to USD 89.5bn from USD 71bn in 2Q25. Deal activity also increased, rising from 791 transactions in 2Q25 to 947 in 3Q25. The volume in 3Q25 was the second-highest quarter on record, narrowly…
The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.5% as of 15 January, versus its five-year peak of 12.8% on 8 April 2025) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to…
The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.5% as of 15 January, versus its five-year peak of 12.8% on 8 April 2025) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to…