Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
Private Credit Defaults 101: Beyond the Noise
Like any good school year, this series went by fast. But as class comes to an end, there’s one theme that’s been top of mind here at The Lead: “noise.”
|
October 6, 2026 
High Five – 2025 Outlook (First of a Series)
Increased competition between banks and private credit leading to weaker terms? Not in the middle market, where terms remained investor-friendly.…
2025 Kicks off with Record Wave of Leveraged Loan Launches
At approximately $199.4b through January 29th, the new year has picked up right where 2024 left off in terms of…
Percentage of First Lien Loans with Affected Lender Voting Protection
(Past performance is no guarantee of future results.)
Fitch U.S. MM CLO Spotlight – December 2024
Click here to learn more. Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’ or below, excluding non-rated…
US industrials PE deal activity
Download PitchBook’s Report here. Industrials PE activity was relatively strong in 2024, with industrials seeing an estimated 1,799 deals and $135.8 billion in…
Total 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.…
Allocations on the up
As a relatively young asset class, private debt still has plenty of room for bigger LP commitments. Insurers are leading…
Privates First Class
Direct lending’s share of buyout financings now dwarfs that of the bank market. Source: LSEG LPC
Private Equity Now – Portfolio Positioning (LP Perspective)
In a world fraught with macroeconomic uncertainty, geopolitical turmoil, and evolving capital markets, LPs must take a consistent, balanced, and…
Twin peaks: loans and bonds hit new milestones in 2024
Loan issuance reached new heights in 2024. The Americas added USD 1.02trn in 4Q24 for a full-year total of USD 3.8trn, the…
Top Bookrunners Drive 2024 US Leveraged Loan Volume
Amid record issuance in the leveraged loan market in 2024, where institutional issuance exceeded $1.33t, Bank of America was the…
Private Debt Intelligence - 1/20/2025
Hurdle and carry rates climb for riskier private debt strategies [wpdm_package id=’73200′] Read more in ‘Preqin 2025 Global Report: Private…
Percentage of Loans with MFN Carveouts
(Past performance is no guarantee of future results.)
Fitch U.S. MM CLO Spotlight – December 2024
Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit At the end of…
Platform LBO and growth equity deals as a share of all US PE deals
Download PitchBook’s Report here. Growth equity continues to represent an outsized share of deals.
High Five – 2025 Outlook (Fourth of a Series)
Next up is the second of our five themes for the year ahead: “A busier market: Providers of creative and flexible…