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Join Fitch Rating upcoming Webinar: The Highs and Lows of Private Credit Defaults and Recoveries
The lender-sponsor partnership, a hallmark of the private credit segment, may result in a structurally higher default rate compared to the broader leveraged loan universe. The collaborative lender-sponsor relationship means that lender concessions are common in private credit but can also result in more favorable long-term outcomes for lenders. However, when sponsors do walk away and hand control to the lenders, recovery outcomes tend to be poor.
Latest news
Rate hike expectations ease as term SOFR curve flattens
The CME six-month Term SOFR rate reached a recent high of 3.979% on July 28 before retreating to 3.837% as…
3Q26: New loan assets rise to 44% of total lending, a 3-year high
New loan assets as a proportion of total US loan volume make up 44% of the 3Q26 pipeline to date,…
North American GPs dominant as fundraising accelerates
Our PEI Private Credit 200 ranking also shows capital raising increasing overall – and accelerating especially fast for the largest…