Loan Funds See Inflows Following Steady Stream of Redemptions Click here to access Bloomberg’s latest Global Leveraged Loan Index Report Retail investors have returned to loan funds following two months of net redemptions. The Invesco Senior Loan ETF (BKLN) recorded $265m in inflows this month through April 21, a reversal from the $125m in outflows…
Secondaries on the rise – but views of it differ Alignment is something not everyone can agree on, but there’s little doubt this is a market with strong momentum. Secondaries transaction and fundraising figures moved in one direction last year – up – but when it comes to market sentiment, the direction of travel is…
BDC Holders by Portfolio Company Octus analyzed 27 stressed securities across 23 borrowers and found that fair value pricing varied by as much as 40 points between the lowest and highest marks… Subscribe to Read MoreAlready a member? Log in here...
US Leveraged Loan Launches Remain Muted Amid Wider Uncertainty Click here to access Bloomberg’s US Leveraged Finance Chartbook The US leveraged loan market has struggled to regain momentum following a sharp slowdown in issuance in February, as market volatility continues to weigh on activity. This week has shown signs of improvement, as $9.4b has been…
No sign of panic from institutions The likes of pensions and insurers are, if anything, accelerating their commitments to private credit – despite the retail redemption saga. The first quarter of 2026 was the most prolific Q1 for global private credit fundraising in the last five years according to our data, setting the stage for…
US Software Credit Opinions Vulnerable to EBITDA Stress; US MM CLOs Resilient Click here to learn more. U.S. technology software sector issuers in Fitch Ratings’ model-based, point-in-time credit opinion (MCO) portfolio are more vulnerable to credit deterioration under a severe earnings stress scenario compared with the portfolio excluding the technology software sector…. Subscribe to Read
HALO versus software as a share of PE deal value ($B) Download PitchBook’s Report here. The hottest debate in public markets right now is not whether AI will disrupt software but how much, how fast, and who is left standing…. Subscribe to Read MoreAlready a member? Log in here...
Unitranche deal flow falls sharply in 1Q26 Amid fears around the potential impact of AI disintermediation on software and other sectors plus a challenging geopolitical backdrop, unitranche deal flow fell sharply in both the large corporate and middle market segments in 1Q26…. Subscribe to Read MoreAlready a member? Log in here...
Lenders Offer Deeper Discounts to Clear Primary Market Transactions Click here to access Bloomberg’s US Leveraged Finance Chartbook Amid subdued deal flow and continued volatility in the secondary market, lenders have increasingly relied on deeper original issue discounts (OIDs) to successfully syndicate new leveraged loan transactions. In March, the OID (original issue discount) on US…
Five key takeaways from the secondaries market The rise of the GP-led deal and suspicion over valuations are among the themes emerging from our latest study of secondaries. With secondaries activity thriving across alternative asset classes, the latest Global Market Survey 2026 from Private Debt Investor’s affiliate title Secondaries Investor reveals the following insights:… Subscribe