The Lead https://validator.w3.org/feed/docs/rss2.html The Bigger Picture Setting Expectations Open for Business Success, Not Overnight The Clear Choice Closer Than You Think More than meets the eye New-Issue Clearing Spread and Documentation Score Barbelled Recovery Trend Persists in Fitch’s Private Ratings Portfolio Private Credit Defaults 101: Different Numbers, Different Stories Articles Home Subscribe PE exit activity Q2’26 BDC analysis shows additional 184 bps of nonaccruals at cost KBRA DLD Default Indices Reading the Board PE fund distribution rates BDC AUM Hits Record US$577.8B in 2Q26 High-Yield Bond Statistics Making sense of private credit defaults Grading on a Curve US BSL and MM CLO performance held stable in July 2026 Middle market debt held by BDCs vs High yield vs Treasury yields US Leveraged Loan Launches Exceed $30b in post-Labor Day Rush Sub line pricing flattens BDC redemptions: Have we seen the peak? Private Credit Defaults 101: Back to School Through the gates North American GPs dominant as fundraising accelerates Average EBITDA Adjustment Cap for Synergies & Cost Savings Content Hub 3Q26: New loan assets rise to 44% of total lending, a 3-year high Private credit, AI, and the Fed: Mickey Levy’s outlook for the rest of 2026 U.S. LevFin markets steady in 2Q26; credit quality divide widens Lack of new issues clouds CLO market Software, consumer-related direct lending deals fell in H1’26 Multiples on PE buyouts BDC redemption requests remain elevated but show some signs of stabilization* US Leveraged Loans Return 2.46% to Investors YTD Average total deleveraging required to meet RP ratio test Unconquered Territory Private credit – Signals, concerns, and manager selection Business of Private Credit: Coming Home Private pensions and insurers top the commitment charts Post-Workout Recovery The core middle market: A compelling case for private credit allocation Business of Private Credit: Safety, Not Size Private Capital Unlocked Rate Hike Expectations Regain Steam following Jackson Hole