HL Private Credit Index Q4 11.72%
Our PPCI fell to 11.72 from 12.44 mostly as a result of lower interest rates, spreads stayed mostly unchanged. Visit the website https://hl.com/about-us/insights/ppci/ for all the details and studies on changes, industry, size, and other metrics. Contact us to talk about what we see in this low-transparency asset class. Click here to go directly to the report: https://hl.com/insights/private-performing-credit-index-q4-2023/
Middle Market Syndications and Leveraged Finance Banker
1 年Interesting, David. Does the dataset include just first lien loans? If so, still pretty high. In this rate environment, the “all senior”structure feels like “all mezz”.