Cross-BDC Analysis Shows 73 bps of Additional Nonaccrual Exposure at Cost (2.18% Adjusted vs. 1.45% Reported) For access to the full analysis and underlying data please visit here or reach out to kim.giancaspro@octus.com… Subscribe to Read MoreAlready a member? Log in here...
U.S. Banks Increase Private Credit Disclosures Amid Continued Scrutiny Click here to learn more. U.S. bank disclosures regarding private credit exposures improved in the first quarter of 2026, although inconsistencies relative to regulatory reporting remain an area for improvement, according to Fitch Ratings. Several large banks provided additional detail on lending to business development companies…
Interval and tender offer fund net flows ($B) by strategy Download PitchBook’s Report here. Evergreen fund assets essentially doubled from 2022 to 2025…. Subscribe to Read MoreAlready a member? Log in here...
US CLO issuance totaled US$6.2bn in April, the lowest since December 2023 New-issue US CLO volume amounted to US$6.2bn in April via 14 deals, down from US$18.1bn raised from 38 deals during March…. Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Issuance Continues Decline in April New issuance continued to trickle in this April, with just $25.06b priced through the 29th, down approximately 15% form last month’s figure of $29.6b and amounting to the lowest level of issuance since April 2025 when just $7.9b priced following “Liberation Day” tariffs…. Subscribe to Read MoreAlready
Consumer Discretionary Overtakes Information Technology as Top Nonaccruals Sector by Number of Issuers in Q4’25 To request access to the full analysis, please visit here…. Subscribe to Read MoreAlready a member? Log in here...
US BDCs Face Persistent Earnings Pressure and Asset Quality Risks Click here to learn more. U.S. business development companies (BDCs) face increasing pressure in 2026 as slower capital inflows and elevated redemptions weaken liquidity, while competitive underwriting and interest rates weigh on asset quality and earnings…. Subscribe to Read MoreAlready a member? Log in here...
US PE EV/EBITDA multiples Download PitchBook’s Report here. Global buyout valuations have held steady through the opening months of 2026, with TTM EV/EBITDA multiples hovering near the levels seen during 2024’s recovery and 2025’s subsequent plateau…. Subscribe to Read MoreAlready a member? Log in here...
Refinancings drove record 1Q26 US ABL volume, excluding the 1Q23 LIBOR/SOFR surge US syndicated ABL activity rose sharply in 1Q26, with total issuance reaching US$29.9bn, up 31% year-over-year and marking the strongest first quarter on record when excluding the LIBOR‑to‑SOFR transition driven surge in 1Q23…. Subscribe to Read MoreAlready a member? Log in here...
Heads turn to Europe There is renewed investor interest in the region even though it’s not yet becoming evident from the fundraising data. Next week Private Debt Investor welcomes the private credit community to London for our annual Europe Summit. There won’t be any shortage of conversational items on the agenda…. Subscribe to Read MoreAlready