As interest in private corporate credit grows, its valuation practices have come under greater scrutiny. In response, LSTA developed this first-of-its-kind practical guide to understanding valuation processes.
Policy & Advocacy, Private Corporate Credit Series
The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, the data includes BDCs that reported financials by May 21st, or 166 of the 167 funds in the BDC universe. Market. In 1Q25, Business Development Companies’ (BDCs) assets under management (AUM) jumped 38%...
Analysis & Data, LSTA publications on the private corporate credit market
Resilient portfolio performance and elevated base rates drove returns for U.S. direct lending loans higher into the fourth quarter and throughout last year, despite tighter spreads driven by increased competition.
Analysis & Data, LSTA publications on the private corporate credit market
The LSTA, the trade association for the U.S. corporate lending market, today released a report detailing data from its landmark survey on the U.S. private corporate credit market (“PCC”).
The “LSTA”), the trade association for the U.S. corporate lending market, today released a report detailing data from its landmark survey on the U.S. private corporate credit market (“PCC”)
The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, growth data includes the entire BDC universe, which consists of 161 funds; all other data captures BDCs reporting financials by March 20th, representing a universe of 128 funds (representing 96% of assets). Market....
Analysis & Data, LSTA publications on the private corporate credit market
On Monday, March 31st, the LSTA submitted a letter to the House Financial Services Committee (HFSC) advocating for expanded access to private corporate credit for defined contribution plans.
This series unpacks critical trends shaping the corporate loan market. Episodes feature insights from industry experts, providing in-depth discussions on emerging issues, regulatory shifts, and innovative financing structures.
This article originally appeared in the 2024 Winter Edition of Loans Magazine. Last September, the LSTA collaborated with leading member institutions from its Private Credit Markets Committee to produce the “Private Corporate Credit – Representative Liability Management Transaction Protections for Credit Agreements” chart.
The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, growth data includes the entire BDC universe, which consists of 159 funds; all other data captures BDCs reporting financials by December 2nd, representing a universe of 155 funds. Market. In 3Q24, Business Development...
Analysis & Data, LSTA publications on the private corporate credit market
The Financial Stability Oversight Council (FSOC) addressed its financial stability concerns for private credit in its 2024 annual report published late last week. The report incorporates a call out box entitled “Private Credit: Financial Stability Considerations” to discuss perceived risks related to opacity, liquidity, and interconnectedness with banks and insurers, echoing several of the same...
BDCs have become significant players in the private credit landscape, with publicly traded, non-traded, and private BDCs offering varying levels of liquidity.
Policy & Advocacy, Private Corporate Credit Series
