KBRA DLD: Breaking News & Research
Insight into direct lending strategies, pricing shifts, and default risk across US & Europe.
Ares finances Kinderhook-backed asset into continuation vehicle
Ares Management led a group of lenders to finance the closing of a single-asset continuation vehicle for an industrial portfolio company of Kinderhook Industries. The transaction secured more than $400 million in new equity to support organic growth and M&A strategies.
11,000+
Filter & Export deals from database
2,000+
Private equity sponsors tracked
across U.S. and Europe
$1T+
U.S. private deal volume aggregated
from direct submissions
200+
At-risk borrowers flagged in
Default Radar monitoring
Precision data for direct lending strategies in the U.S. and Europe.
DLD’s data cuts are aligned with distinct direct lending strategies across the U.S. and Europe.
Our research defines and analyzes the lower and core middle markets, as well as large-cap loans. New analysis is introduced alongside evolving trends and market feedback. U.S. trendlines are delivered monthly—giving you a more accelerated view of the market than providers relying on less frequent reporting.
Built for Direct Lending Professionals
Jumbo Loan Stats
Large-scale private loans compete most directly with liquid credit. DLD enables cross-market visibility to track shifting terms and relative value.
Lower Middle Market
Monthly insight into pricing, leverage, and deal terms across the most opaque segment of direct lending.
Europe versus US
Quarterly European research from DLD provides detailed views on key statistics across euro- and sterling-denominated deals, alongside US market comparisons.
One Platform. Exclusively Direct Lending
Online Deal Database
Unlimited access to searchable platform for US and European deals with exportable results to excel. Filter by lender, sponsor, proceeds and more. Track competitor business, advisory roles and unmandated leads in Europe
News Reporting
Real-time updates and Weekly Wraps offering color from long-standing relationships among senior level leaders. Track trends across large-cap private loans and steals from liquid credit.
Proprietary Research & Trend Reports
Exclusive analysis built from private submissions. Explore Monthly and Quarterly trendlines on spreads, leverage and defaults.
Default Radar
Track 200+ at-risk borrowers via Red/Orange tiers. Includes fair value trends, sector breakdowns, and implied recoveries.
Rankings & Market Share
KBRA DLD’s monthly lender and quarterly advisor lists are drawn from submissions and news reporting, capturing key firms in both the U.S. and European markets.
Indices
Proprietary Indices for Direct Lending, Syndicated Loans and High Yield.
Direct Lending API
KBRA’s Direct Lending API provides programmatic access to an extensive direct lending deal database.
Default Coverage
Users receive the monthly US default report and a quarterly European edition, along with weekly updates covering direct lending plus the larger institutional loan and high yield bond markets. Highlights for both regions include:
Default Radar highlighting specific borrowers and sector breakdowns from our Red and Orange Tiers
Year-to-date rates and forecasts
Proprietary data- and trend-driven commentary
Implied recoveries tracked via post-default price charts and commentary
Stats from our KBRA DLD Index comprising roughly ~3,000 direct lending borrowers in the US and Europe
Serving the Entire Direct Lending Market
DLD supports leading institutions across private credit
Lenders
Benchmark deal flow, monitor peer activity, identify mandate opportunities, and track shifts in structure and pricing with clarity and precision
Sponsors
Access market color and analysis on key deal terms, lender activity, and competitive dynamics across private credit and liquid credit markets.
Advisors
Leverage deep insight into sponsor–lender relationships and cross-industry deal activity to inform positioning and execution.
Law Firms
Gain clear insight into leveraged finance structuring trends, sponsor mandates, and law firm activity across middle market and large-cap segments.
Clarity Where Others Fall Short
KBRA DLD offers a singular focus on direct lending—no cross-asset noise or irrelevant data. We stand apart from broader market coverage, earning recognition across the private credit industry as a trusted source of direct lending intelligence.
Deeper Intelligence
DLD collects data directly from market participants, reflecting deep industry trust.
Faster Access
DLD continuously collects market data, making it the only source to deliver monthly direct lending metrics.
Comprehensive Coverage
News and analysis spanning the entire direct lending spectrum
Credibility at Scale
Data trusted by the biggest names in direct lending
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