BDCs Extend Private Credit Maturities As Financing Eases

BDCs Extend Private Credit Maturities As Financing Eases

Private credit maturities have lengthened this year as financing conditions have eased. Business development companies (BDCs) and interval funds (nontraded closed-end funds that offer periodic redemptions for a set percentage of outstanding shares), whose assets are majority private credit (see chart 1), have more than halved their private credit maturities for 2024 over the past year (as of first-quarter 2024). Nonetheless, amid the recent vola…

U.S. private credit defaults rise: Fitch

Corporate cash flow, liquidity under pressure amid deteriorating fundamentals The post U.S. private credit defaults rise: Fitch appeared first on Investment Executive.