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: 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.
|
September 2, 2026 
Sponsored large corporate direct lending volume dropped 28% in 2Q23
US sponsored large corporate direct lending loan volume totaled US$12.5bn in 2Q23, 28% lower than 1Q23’s level. The US$12.5bn total…
MM CLO Ratings Under High Rates and EBITDA Pressure
How Might MM CLO Note Ratings Fare Amid High Rates and EBITDA Pressures? To assess the effect of higher interest…
Loan Stats at a Glance - 8/7/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
The Case for Junior Capital (Part Three)
This space has covered at length the investor-friendly changes in senior debt terms since the Fed began its rate hiking…
Likely-to-distress scores highlight struggling industries
Source: Debtwire Out of a universe of more than 12,000 leveraged US companies, 180 are in the stressed/distressed lifecycle categories…
How Have BDC Funding Profiles Trended?
BDCs took advantage of strong capital market conditions moving out of the pandemic to issue record amounts of unsecured debt,…
Big fund fatigue
Download PitchBook’s Report here. Last week we mentioned the overall fundraising slowdown, which was highlighted in PitchBook’s US PE Breakdown. Much…
Private Debt Intelligence - 7/31/2023
North America direct lending dry power reaches record levels [wpdm_package id=’65659′] Direct lending dry powder in North America hit a…
Interest coverage ratios move lower
Interest coverage ratios have come come under pressure as base rates have moved sharply higher in the last 15 months.…
Middle Market Deal Terms at a Glance - July 2023
Source: SPP Capital Partners Contact: Stefan Shaffer sshaffer@sppcapital.com
Indexed Returns
Almost two decades of data show strong junior capital returns relative to other credit.
Investors flock to the middle
As previously highlighted by Lead Left, and supported by our fundraising data, junior capital strategies are becoming increasingly popular. In…
Distribution of MFN Maturity Carveout Horizons
(Past performance is no guarantee of future results.) Contact: Steven Miller
The Case for Junior Capital (Last of Four Parts)
In early 2020, just before Covid came crashing down on our heads, we were in the middle of a Lead…