Over the past decade the yield on middle market senior secured loans has outpaced that of many other asset classes.
Source: S&P LSTA Middle Market Index; S&P LCD High Yield unsecured new issue yields; S&P LSTA Loan 100 Index; MSCI EM; MSCI World; Barclays Global Treasury 1-3 Year; Bloomberg Barclays Global Treasury 7-10 Year
Latest news
Share of PE middle-market deal count by backing type
Add-ons remain the workhorse for middle-market deployment, accounting for 67. 1% of all middle-market transactions YTD, in line with activity seen in recent years.
Software deal share falls in middle markets, rises in large caps
In Q3’26 software’s share of total deals fell in both the Lower Middle Market (to 7%) and Upper Middle Market (to 9%), while Large Cap saw a modest uptick in share to 8%.
Secondary loan prices stabilize following steep declines
Secondary loan prices came under significant pressure through September and October, with the Bloomberg U.S. Leveraged Loan Index declining 119…