Private Debt Intelligence – 7/20/2020

THE LEAD|July 22, 2020

Content hub / Article / Private Debt Intelligence – 7/20/2020

Private Debt Performance Remains Positive

Chart

Download Data

[wpdm_package id=’36367′]

Horizon IRRs for the overall private debt asset class remains above 6% for one-, three- and five-year horizon to December 2019, oscillating between 6.1% and 6.5%. Direct lending funds improved over the past quarter, contrasting with the overall private debt asset class. In the year to December 2019, private debt generated an annualized return of 6.4%, which compares with 8.4% for direct lending funds. Mezzanine funds have generated the largest returns over the same horizons, reaching 10% for three-year horizon to December 2019. In contrast, distressed debt has produced the lowest yield of any strategy over a one-, three-, and five-year horizon to December 2019.

Contact: Maria Zapata
maria.zapata@preqin.com

Podcast

Business development companies and the rise of balance sheet financing vehicles

Fitch's Deb Murnin and Chelsea Richardson discuss the growing use of off-balance-sheet JVs and finance companies among BDCs, exploring the drivers, leverage impacts, portfolio risk profiles, and potential rating implications for Fitch-rated BDCs.

Listen

September 15-16, Hudson Yards, New York

Private Debt Investor New York Forum

Bringing together the investors, managers and advisers shaping the next phase of the market — 200+ allocators and $10.6 trillion of LP capital expected. Benchmark strategies, hear from leading LPs, and cut through market noise over two unmissable days.

Learn more

Report

US Private Credit League Tables H1'26

The definitive rankings covering private credit activity in H1'26.

Download

Report

PitchBook's Q2 2026 US PE Breakdown

Software freezes and energy powers on as US PE deal value falls 38% in Q2 2026.

Download

Webinar

Making sense of private credit defaults

What does private credit default data really tell us? Join our exclusive webinar featuring experts from KBRA, Moody's, Fitch Ratings, and S&P Global to find out.

Latest news

See all stories

Article | Bloomberg

Rate hike expectations ease as term SOFR curve flattens

August 20, 2026

The CME six-month Term SOFR rate reached a recent high of 3.979% on July 28 before retreating to 3.837% as…

Article | LSEG

3Q26: New loan assets rise to 44% of total lending, a 3-year high

August 19, 2026

New loan assets as a proportion of total US loan volume make up 44% of the 3Q26 pipeline to date,…

Article | PEI Private Credit

North American GPs dominant as fundraising accelerates