Octus
Software, consumer-related direct lending deals fell in H1’26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Read MoreSpread premium tightened slightly in Q2’26
One bright spot for lenders in Q2 was that average spreads edged higher for the second straight quarter.
Read MoreLMM credits earned a 46.5 bps spread premium in Q2’26
Lower middle-market lenders held their risk/return edge over larger deals in the second quarter.
Read MoreUS Direct Lending Spread Per Turn of Leverage Widens
Wider spreads and slightly lower leverage provided lenders with better risk-adjusted pricing across all deal sizes in the second quarter.
Read MoreQ2 European direct lending activity up 9%
Despite the geopolitical and macroeconomic events of the first half of the year creating a volatile environment, the European private credit market continues to demonstrate robust resilience.
Read MorePrivate Equity Activity in European Lending
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Read MoreNonaccrual Marks Decline Broadly
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Read More46% of traded BDCs had over 5% non-accrual exposure in Q1’26
46% of Traded BDCs Had Over 5% of Nonaccrual Exposure (at Cost Value) in Q1’26, up From 31% in Q4’25
Read MoreQ1’26: Non-Accrual Issuers Due Through 2028 Up 4%
The number of issuers with nonaccruals maturing through 2028 increased by 4% in Q1’26
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