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Following 2021, buyout distribution rates have fallen to roughly 10% to 15% below the 25-year average. With distributions slow to arrive, LPs have less to recycle into new commitments, and the pressure of a constrained exit environment continues to weigh on capital allocation.
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Latest news
US leveraged loans returns turn negative in October
October 22, 2026
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
October 22, 2026
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.