Posts by LSEG
BDC AUM growth shows no signs of slowing, climbing to US$438bn
BDC market growth shows no signs of slowing, with assets under management (AUM) soaring to a record US$438bn in 4Q24.
Read MoreRefinancings continue to dominate institutional loans calendar in 1Q25
Despite steady loan market liquidity and unabated demand for assets, new institutional loan volume – at US$37bn – has been…
Read MoreM&A Deal Activity
Amid the whiplash of “will they or won’t they” come into effect, talk of tariffs have contributed to the slowest…
Read MoreBDC portfolio marks move lower for majority of funds that have reported 4Q24 earnings
BDC earnings season is underway, with 50 funds having filed their 4Q24 results as of February 28th. For this cohort…
Read MoreAs par-plus loans begin to drift lower, new repricing candidates prove no easier to find
Regardless of where one points the blame – a slight downshift in technicals, cracks in broader market conditions, or the…
Read MoreWeighed by repricings, term loan B spreads begin to diverge between single-Bs and double-Bs, although relative value holds steady
After new-issue clearing yields tightened for three consecutive months, averaging 7.3% in January and marking another fresh monthly low since…
Read More2025 syndicated middle market loan volume is expected to be in the US$150bn area
Forecasts for 2025 syndicated middle market loan volume generally average around US$150bn, broadly similar to the 2024 total, according to…
Read MoreDaily Analytic: Unitranche spreads tighten sharply over the last year
Unitranche pricing tightened significantly over the course of 2024, moving steadily lower in the first nine months of the year…
Read MoreTotal leverage on sponsored MM deals inched down in 4Q24, driven by lower junior leverage
Total leverage on sponsored middle market deals inched down to 4.70x on average in 4Q24, driven by lower junior leverage.…
Read MoreLeveraged Loan Survey Results: What do you expect for M&A/LBO deal flow in 2025
New year, new administration and improving US economic outlook have combined to bring a much needed boost to market psyche…
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