Direct lending stability and resilience shine in times of leveraged loan market collapse – DebtDynamics NorthAm
Direct lending showed notable resilience in 2Q25, while loan market volumes collapsed amid heightened volatility and a broader economic slowdown triggered by US tariffs. Volumes not only held steady but increased by 4% in 2Q25, rising to USD 74.5bn from USD 71.4bn in 1Q25. Deal activity held flat at just under 700 transactions.
