Private Debt Intelligence – 4/5/2021

https://theleadpc.com/wp-content/uploads/2026/06/cropped-THE-LEAD-ICON.png
THE LEAD|April 8, 2021
Content hub / Article / Private Debt Intelligence – 4/5/2021
Download

Share

Private Debt: Risk/Return by Fund Type

Chart

Download Data


[wpdm_package id=’44242′]

Across private debt strategies, returns and return dispersion data varies greatly. Direct lending funds, which are characterized by more senior secured debt, have been a steady investment, with a median net IRR of 8.3% for vintages 2008-2017 and a standard deviation of only 5.0%. Distressed and special situations funds offer investors a higher return in exchange for greater risk. Mezzanine funds shows the highest return of all strategies with only a small increase in variance over direct lending.

(Past performance is no guarantee of future results.)
Contact: Ashish Chauhan
ashish.chauhan@preqin.com

Download

Share

Private Debt Investor New York Forum

September 15-16, Hudson Yards, New York

Private Debt Investor New York Forum

Bringing together the investors, managers and advisers shaping the next phase of the market — 200+ allocators and $10.6 trillion of LP capital expected. Benchmark strategies, hear from leading LPs, and cut through market noise over two unmissable days.
Learn more
US Private Credit League Tables H1'26

Report

US Private Credit League Tables H1'26

The definitive rankings covering private credit activity in H1'26.
Download
PitchBook's Q2 2026 US PE Breakdown

Report

PitchBook's Q2 2026 US PE Breakdown

Software freezes and energy powers on as US PE deal value falls 38% in Q2 2026.
Download
Making sense of private credit defaults

Webinar

Making sense of private credit defaults

What does private credit default data really tell us? Join our exclusive webinar featuring experts from KBRA, Moody's, Fitch Ratings, and S&P Global to find out.
Register

Latest news

See all stories
    Article | Octus

    Q2'26 BDC analysis shows additional 184 bps of nonaccruals at cost

    September 10, 2026

    In a universe of 173 business development companies, or BDCs, Octus identified a total of $9.5 billion of debt (at cost) in nonaccrual status reported in the second quarter of 2026, a slight decline of 5% from $10 billion in the first quarter of 2026.

    Read More
    Article | Chart of the Week

    Reading the Board

    September 10, 2026

    The story changes depending on which numbers you’re counting.

    Read More
    Article | Commentary

    Private Credit Defaults 101: Different Numbers, Different Stories

    September 10, 2026

    In Season 2 of Billions, Bobby Axelrod takes his lawyer Orrin Bach to an empty Yonkers racetrack in the dead of night.

    Read More
See all stories