Chart of the Week

Regulators are zeroing in on high leverage and weak structures as major leveraged loan risks. Sources:  The Fed, FDIC, OCC…

Cash has exited retail loan funds for months, as investors worry rates will not rise anytime soon. Source: Lipper FMI

Reported cash flow growth from publicly filing leveraged loan issuers is improving, but off from immediate post-crisis period.

As a pure yield matter, the average BDC has been a significant better play than single-B high yield bonds, with…

While market values for BDCs have recovered after October’s slump, they remain at a significant discount to both high-yield and…

A breakout of BDC asset categories shows more first-lien and second-lien investments.   Source: Wells Fargo Securities LLC

Follow-on equity offerings have been key to BDC’s on-going access to long-term capital.   Source: Wells Fargo Securities LLC

Business development companies raised more capital since the Great Recession than in all the years preceding it.

While the headline unemployment rate falls, the count of underemployed Americans tells a more sobering story.

Middle market issuance this year for second liens is skewed to higher growth industries, with technology leading the way. Source:…