LSEG LPC
Private credit and bank lenders struggle to meet middle market lending targets in 3Q25
The vast majority of middle market lenders have found sufficient opportunities hard to come by in the most recent quarter,…
Read MoreUS LevFin issuance slips to US$200bn despite historically active August
For US LevFin, we saw trends of previous months continue to play out in August: (1) Defense over offense, with…
Read MoreNear-term BDC loan maturities remain limited
The loan maturity profile of BDCs, the most transparent part of the direct lending universe, is not pointing to any…
Read MoreBDC AUM hits a new record, topping US$500bn
The upward growth trajectory of BDCs shows no sign of slowing, with assets under management (AUM) climbing to a record…
Read MoreLevFin books new issuance record in July thanks to loan repricings, while growing M&A business shouldn’t be overlooked
US leveraged finance issuance topped US$236bn in July, eking a new all-time monthly high for the business.
Read MoreTotal leverage on sponsored middle market deals ticked up in the 2Q 2025, driven by higher senior leverage
Total leverage on sponsored middle market deals ticked up to 4.56x on average in 2Q25, driven by higher senior leverage.
Read More2Q25 US MM LBO volume down 30% quarter over quarter
Middle market LBO loan volume totalled US$10.28bn in the second quarter, down 30% compared to 1Q25 results but up 2%…
Read MoreUnitranche spreads hover around recent market lows
The most recent quarter was marked by intense competition among direct lenders and lower than hope for deal flow. In…
Read More2Q25 Total US direct lending LBO volume down over 47% quarter over quarter
Talk of tariffs, inflation fears and anticipation of a congressional show down over the Trump administration’s “big, beautiful bill” contributed…
Read MoreAs overall issuance slips in 2Q25, strategic M&A remains a bright spot for LevFin market
Leveraged finance issuance topped US$343bn in 2Q25, down approximately 30% from 1Q25 and off nearly 40% versus 2Q24.
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