Mega-deals propel US direct lending volume – PitchBook

The Punchline

The November US Private Credit Monitor report highlights that direct lending is experiencing its highest activity levels since the second quarter of 2024, driven by a surge in mega-deals.

Why You Should Read This

The insights provided are crucial for understanding current trends in direct lending and how they may impact investment strategies in private credit.

Who This Is For

This article is intended for institutional investors, private equity professionals, credit analysts, and fund managers interested in the dynamics of private credit markets.

Investor Implications

The increasing volume of direct lending could present favorable opportunities for investors, particularly as capital flows to large transactions. However, it also suggests a competitive landscape that may pressure yields.