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Business of Private Credit: Coming Home

Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.

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    May 2020: U.S. Direct Lending UOP

    After outpacing M&A add-on activity for the past six months, LBOs fell in May, to a 28% share of direct…

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    Non-Accruals across lower middle market portfolios rise to 7.5%

    Effects of the coronavirus lifted the average non-accrual rate across lower middle market BDC portfolios by 1.7%, to 7.5% in…

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    April volume retreats as expected, May forecast is weak

    Direct lending volume retreated in April, with transactions slipping to 43 from 67 in March, according to Direct Lending Deals.…

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    Price points emerge in 10% to 11% range for jumbo direct lending loans

    Two jumbo direct lending deals surfaced this week— Alnylam Pharmaceuticals and Airbnb —as the first comps to guide new issue…

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    Monthly LBO lending decelerates, yet 1Q20 finishes strong; Outlook bleak

    LBOs decelerated in March, to 47% of monthly U.S. direct lending volume, according to Direct Lending Deals. The drop was…

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    February new issues soften; March is a guessing game

    February’s tally of direct lending loans softened to 57, from 73 in January, according to Direct Lending Deals. The decreased…

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    DL Deals: ACProducts Deep Dive

    KKR Capital Markets used hard call premiums starting at 103 on ACProducts, a B/B2 credit that had more of a…

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    Lower Middle Market bustled in January

    Direct lending deal flow was by far the busiest that Direct Lending Deals has tracked since launching last September. The…

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    DL Deals Monthly Scorecard: December buyouts swamped volume, lenders closed out 51 transactions

    [wpdm_package id=’31357′] Buyouts swamped direct lending activity in December, accounting for 61% of volume, a big leap from the two…

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    Direct Lending: Add-ons maintain share over buyouts in November

    Add-on acquisitions continued to drive financings over buyouts in November, accounting for half the tally, compared to 42% for LBOs,…

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