Can senior debt’s strong performance be maintained? The IRRs delivered by the strategy since 2017 have been impressive. The asset class is coming under scrutiny but will aim to prove the doubters wrong. It’s been a good time to be investing in senior debt, as indicated by our proprietary chart showing top quartile, bottom quartile…
US Leveraged Loans Post Largest Monthly Gain Since Last May 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%…. Subscribe to Read MoreAlready a member? Log in here...
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. Except for real estate, growth was broad-based across all other strategies…. 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...