Senior debt fundraising falls from its peak Our data for private credit capital raising by strategy shows investors once again diversifying their commitments rather than concentrating them. At first glance, it appears that last year saw investors significantly re-align their strategic priorities when it comes to private credit. But a closer examination of the PDI…
Carveout/divestiture count as a share of all PE middle-market deals by quarter Download PitchBook’s Report here. While quarterly figures can fluctuate, annual trends provide a clearer benchmark, showcasing that carveouts are a core deal type for sponsors…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Pricings Remain Elevated in 2025 2025 was another busy year for the US institutional leveraged loan market, with 901 deals for $987.3b pricing over the last twelve months. The figure represents a 25.8% decline from last year’s record-setting volume of $1.3t but is still up significantly from 2023 figure of $376.6b…. Subscribe
Capital flowing into private debt funds Preliminary data shows capital raising enjoyed a reasonably prolific year in 2025, nudging ahead of the previous year’s total. Last year turned out to be a strong, if not spectacular, year for private debt fundraising globally. With the fourth quarter ending up the most prolific quarter of the year,…
Private Credit Outlook 2026 Click here to download report. The global private credit market will continue to grow in scale and complexity in 2026, having become much more diversified and widely held over the past decade…. Subscribe to Read MoreAlready a member? Log in here...
2025 US M&A loan volume jumps 43% to mark 4-year high at US$482bn US lenders completed over US$482bn in M&A loan volume in 2025, an increase of 43% compared to 2024 totals and the strongest results in 4 years…. Subscribe to Read MoreAlready a member? Log in here...
North American Leveraged Finance Outlook 2026 Click here to download report. Fitch Ratings’ 2026 sector outlook for North American Leveraged Finance is neutral, reflecting broadly steady credit conditions across liquid markets and private debt. Most sectors carry neutral outlooks. Aerospace & Defense is the sole corporate sector with an improving outlook, while a handful are…
Sponsors Tap Leveraged Loan Market for Dividend Payouts at Record Pace With just two weeks before the start of the new year, dividend issuance has reached an all-time high in the US leveraged loan market. At $32.9b year-to-date, new money issuance supporting dividends surpassed 2021’s $28.9b figure for the most on record since Bloomberg began…
PE take-private deal activity Download PitchBook’s Report here. Middle-market take-private activity dwindled in Q3, with PE buyers underwriting just four announced or completed deals under $1 billion across North America and Europe…. Subscribe to Read MoreAlready a member? Log in here...
US primary market loan yields tighten in December The average primary market yield, assuming a 3-year term to repayment on first-lien institutional term loan Bs, decreased 26bp to 6.73% so far in December, down from 6.99% in November…. Subscribe to Read MoreAlready a member? Log in here...