Retail Loan Funds See Outflows in final week of June Demand for leveraged loans has been muted in recent weeks, with redemptions outpacing investments by $22.59b in the week ending June 26th. The Invesco Senior Loan ETF (BKLN) recorded June inflows of just 55.3b, a significant slowdown from the $3258b added in May and the…
Nonaccrual Marks Decline Broadly Request access to the full report… Subscribe to Read MoreAlready a member? Log in here...
Credit Journal-Private Credit Click here to download report. Fitch Ratings’ latest Credit Journal series is a subject-specific, curated compilation of in-depth research and commentary. This edition explores the growing world of private credit, including non-bank lending across business development companies…. Subscribe to Read MoreAlready a member? Log in here...
Share of PE IRR distribution by TEV size bucket (weighted by invested capital) Download PitchBook’s Report here. Source: SPI by StepStone / Geography: US / As of December 31, 2025 Pooled IRRs for recent middle-market vintages have compressed alongside the broader cycle. The 2021 vintage stands at 13% pooled and the 2022 vintage at 11.5%…. Subscribe
At US$465bn, 2Q26 US syndicated loan volume buoyed by 22% jump in investment grade lending US lenders completed over US$936Bn of loan issuance via the broadly syndicated market in 2Q26, to bring 1H26 totals to nearly US$1.873trn, up roughly 6% compared to the same time last year…. Subscribe to Read MoreAlready a member? Log in
US Leveraged Loan Issuance Holds Steady in June The US leveraged loan market has continued to see steady levels of issuance, with approximately $69.1b priced through June 24 with an additional $17.4b expected to price before month-end. Following May’s $105.9b figure, current issuance dynamics have shifted significantly from March and April, when volumes totaled just…
46% of Traded BDCs Had Over 5% of Nonaccrual Exposure (at Cost Value) in Q1’26, up From 31% in Q4’25 To access the full Q1’26 nonaccrual report, please click HERE or email kim.giancaspro@octus.com… Subscribe to Read MoreAlready a member? Log in here...
BDC Valuations Weaken in 1Q26 as Leverage Rises and Dividend Pressure Builds Click here to learn more. Business development company (BDC) portfolio valuations came under pressure in 1Q26 as market spreads widened, software company valuations declined, and non-accruals increased, according to a new report from Fitch Ratings…. Subscribe to Read MoreAlready a member? Log in
Share of PE middle-market exit value by type Download PitchBook’s Report here. Middle-market exit activity carried through into 2026, with a Q1 total exit value of $32 billion across 218 transactions, up 14% and 1.5% YoY, respectively…. Subscribe to Read MoreAlready a member? Log in here...
Average US TLB pricing tightens amid flush of repricings and refinancings Amid a limited new money leveraged loans pipeline, refinancings and repricings have dominated 2Q26 issuance, pushing average term loan spreads down in the process…. Subscribe to Read MoreAlready a member? Log in here...