PDI Picks – 5/11/2026

Can senior debt’s strong performance be maintained?

Chart

The IRRs delivered by the strategy since 2017 have been impressive. The asset class is coming under scrutiny but will aim to prove the doubters wrong.

It’s been a good time to be investing in senior debt, as indicated by our proprietary chart showing top quartile, bottom quartile and median performance from 2017 to 2023 (the latest vintage for which we have meaningful performance figures).