Welcome to the Precession!

THE LEAD|August 11, 2022

Content hub / Article / Welcome to the Precession!

News reached us last week of the demise of the Choco Taco. Or maybe not. Cousin to the Klondike Bar, this chocolate-nut-waffle-taco-vanilla-fudge-ice-cream novelty seemed to be yet another victim of supply-chain issues…

▶︎ Read Aug 1 2022 newsletter: here

▶︎ Chart of the Week: here (by U.S. Bureau of Economic Analysisrence Board, Bloomberg)

(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)

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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.

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September 15-16, Hudson Yards, New York

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US Private Credit League Tables H1'26

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PitchBook's Q2 2026 US PE Breakdown

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

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Making sense of private credit defaults

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