US sponsored middle market direct lending activity stayed robust in 3Q22

Chart

Last quarter, there was US$35.1bn of US sponsored middle market direct lending volume, 17% higher than 2Q22’s levels and the most since 4Q21’s record US$55bn level. The direct lending market remained quite busy in 3Q22, in contrast to the broadly syndicated market which slowed down significantly due to broader market uncertainty about the macroeconomic picture.