Credit quality is being closely watched in the private credit markets amid the large increase in interest rates during the last eighteen months. So far, the impact on borrowers from higher rates has not produced any major uptick in defaults. In addition, the BDC maturity profile is not signaling any big deterioration in the near-term. Looking at the maturity wall, near-term BDC loan maturities are limited, with only 5.5% coming due by the end of next year. The vast majority of loans held by BDCs (81%) have a maturity date in the 2026-2029 range, with nearly 50% falling in the 2027-2028 timeframe.
(Past performance is no guarantee of future results.)
Latest news
Lack of new issues clouds CLO market
It’s been boom time in the leveraged loan market but now that market has eased off, what are the implications…
Multiples on PE buyouts
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
US Leveraged Loan Issuance Slows to $76.5b in July
The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…