Leverage declined modestly, though almost two thirds of 4Q deals were 6x total leverage or higher.
US Middle Market Leverage Multiples on Institutional Deals

Source: Thomson Reuters LPC
Leverage declined modestly, though almost two thirds of 4Q deals were 6x total leverage or higher.
US Middle Market Leverage Multiples on Institutional Deals

Source: Thomson Reuters LPC
Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.