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Direct Lending is Eating the World

This chart description is for illustrative purposes only and its accuracy cannot be guaranteed. Please see full disclosures at end of PDF document in the web post. General description: Combination stacked column and line chart showing U.S. middle-market LBO loan issuance by debt type. Chart subtitle: Direct lending has doubled its overall market share over the past eight years. Chart source: Refinitiv. Chart visual description: Left y-axis is labeled Total Dollars ($B) and ranges from $0 to $90. Right y-axis is labeled Market Share and ranges from 0% to 90%. X-axis is annual categories, from 2014 through 2022. Each column total is divided into Syndicated Debt in green and Direct Lending in purple. A line representing Direct Lending % (for market share) is overlaid in light purple. Chart data description: Over period shown, historically syndicated debt and direct lending were close to equally split by total. Since 2020, however, syndicated debt has noticeably decreased and direct lending now makes up a majority of the total. End chart description. See disclosures at end of document.
Posted on April 6, 2023April 6, 2023 Full size 1911 × 1033

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Published inDirect Lending is Eating the World

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