The Lead https://validator.w3.org/feed/docs/rss2.html Business of Private Credit: Playing to Your Strengths PE middle-market pooled IRR and TVPI by TEV size bucket Deals and refinancing offset market shocks as LevFin issuance tops 2025 levels Riding the Wave Private credit – Signals, concerns, and manager selection Accordion inside maturity Home Private Capital Unlocked Content Hub Articles Fitch Ratings completes peer review of 13 US BDCs Investors exit retail loan funds in July LMM credits earned a 46.5 bps spread premium in Q2’26 Beyond the headlines High-Yield Bond Statistics Allocations hold steady amid insurer caution Subscribe From Lead Left to The Lead: Randy Schwimmer on private credit’s Platinum Era Sponsored MM leverage falls to its lowest level since 1Q23 US LBO loan volume reached nearly US$90B in 1H26; direct lending held 43% share Distribution of accordion F&C tranche EBITDA grower caps (L3M) US Leveraged Loan Launch Activity Moderates in July Concentrated Effort US Direct Lending Spread Per Turn of Leverage Widens Business of Private Credit: Sectors and SIC Codes Are We Back to 2007? (First of a series) Middle market debt held by BDCs vs High yield vs Treasury yields JV and FinCo Exposure Can Increase Risk for BDCs KBRA DLD Default Indices PE middle-market TVPI and DPI by fund vintage Share of PE middle-market fund count by size bucket Private credit hits the target GDPR Privacy Notice Terms of Use Contact Us Remembering Jimmy The core middle market: A compelling case for private credit allocation The Lead Left rebrands as The Lead, expanding into a multi-format platform for private capital intelligence US Private Credit Defaults Hit New Highs but Losses Remain Contained US Private Credit Defaults Hit New Highs but Losses Remain Contained Private Credit Outlook 2026 2026 Regulatory Reviews Mark Inflection for Securitisation SRT Market Life Insurer Investment Portfolios to Remain Broadly Stable in 2026 U.S. Private Credit & Middle Market Monitor: 4Q25 U.S. Private Credit & Middle Market Monitor: 4Q25 U.S. Private Credit & Middle Market Monitor: 4Q25 Non-Traded BDCs Face Higher Redemptions, Slower Fundraising AI Disruption Puts Software Exposure in Focus Software Deferrable Exposure Rising in U.S. Middle Market CLOs US Private Credit: Better Transparency, Higher Interconnectedness Risks