All Insights

Private credit has grown in both size and breadth, prompting questions around the risks of the asset class and whether it could represent a bubble. We address those concerns in this note.

Traditional diversifiers are offering little to no reliable downside protection. Low-correlated alternative investments may provide a solution.

Why the U.S. middle market continues to offer private equity investors a more attractive opportunity set versus the large and mega cap market

Middle market private equity sponsors have historically provided outsized value compared to their large cap peers.

This week’s chart looks at return drivers for middle market buyout transactions, which have generated higher realized capital multiples than large cap and may favor middle market managers looking forward.

Amid private debt’s massive growth, this week’s chart looks at the healthy yield premium of private credit transactions compared to public markets.

This week’s chart looks at private equity secondaries’ outperformance versus the broader PE market, focusing on what has driven the outperformance.

This week’s chart looks at a shifting opportunity set as the private middle market shines while small cap company earnings remain challenged.

The private U.S. middle market may serve as a diversified source of growth within investors’ portfolios.

This week’s chart looks at family office CIOs’ plans to increase allocation to alts in 2024, specifically private credit and private equity.

Despite allocation challenges, revenue growth in the U.S. middle market remains healthier than ever as this week’s chart highlights.

After relatively benign credit conditions following the pandemic, dispersion of loan issuer quality is growing. Read more in our Q1 corporate credit playbook.