U.S. Private Credit: Sizing Up Defaults Click here to download report. This report examines private credit defaulters by EBITDA size, compares default rates across the two component Model-based Credit Opinion (MCO) and Privately Monitored Ratings (PMR) portfolios, and details default reasons…. Subscribe to Read MoreAlready a member? Log in here...
Carveout/divestiture count as a share of all PE middle-market buyout count by quarter Download PitchBook’s Report here. Carveouts remained a consistent feature of middle-market deal activity in Q2 2025. They accounted for 11.1% of deal value during the quarter, up from 10.9% in Q1 and broadly in line with the five-year annual average of 11.4%…. Subscribe
The rise of retail Private credit is still having much success raising capital from institutions, but it doesn’t stop the retail investor from taking the spotlight. On the face of it, private credit fundraising from institutions is going strong. Our latest data shows such fundraising hit a record high for the first nine months of…
Leveraged Loan Launches Slow in October Click here to access Bloomberg’s US Leveraged Finance Chartbook At just $36.3b launched into the US institutional leveraged loan market this October through the 21st, it is shaping up to be the slowest month of primary market activity since May. This week has shown some improvement, with 10 deals…
US Leveraged Loans Return 4.38% Through September Click here to access Bloomberg’s latest Global Leveraged Loan Index Report The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 0.37% in September, bringing its year-to-date return to 4.38% through the third quarter. Average secondary market prices on US leveraged loans were 96.84 on September 30th after declining…
PE-backed company inventory by age of investment Download PitchBook’s Report here. Smaller companies, less reliant on global exposure, remain attractive to strategic buyers seeking bolt-ons and niche capabilities…. Subscribe to Read MoreAlready a member? Log in here...
Systemic Shock Could Expose Private Credit’s Broad Reach Click here to download report. A shock to the financial system that impacts the private credit sector could reveal the extent that it has moved from a niche product for sophisticated investors to an increasingly relevant component of the global capital markets…. Subscribe to Read MoreAlready a
3Q25 US direct lending loan volume up 10.5% Q-o-Q amid flush of new money activity US lenders placed a combined total of nearly US$87bn of direct lending loan volume in 3Q25 for large corporate and middle market borrowers, an increase of 10.5% compared to 2Q25 results…. Subscribe to Read MoreAlready a member? Log in here...
Multi-regional funds and secondaries on the rise Two trends have emerged from our latest fundraising data to the end of Q3. The US is no longer the capital magnet it used to be. The April ‘Liberation Day’ tariffs were perhaps the biggest shock among the political turbulence that has been unsettling financial markets throughout the…
US Leveraged Loans See Busiest Third Quarter on Record Click here to access Bloomberg’s US Leveraged Finance Chartbook September’s US leveraged loan activity totaled 101 deals for $93.2b, representing a $13.6b increase (17.1%) over August’s $79.6b. However, this marked a $4.2b decline compared to September 2024…. Subscribe to Read MoreAlready a member? Log in here...