Unlock global credit markets with unmatched transparency

Research: Explore PitchBook’s insights on credit market activity and trends—as well as its deep database of institutional investors and fund information. Gauge market opportunity, investor appetite, and the competitive landscape before launching a credit investment vehicle. Understand loan market activity across geographies, sectors, and credit ratings to inform your investment strategy.

Evaluate: Strengthen your credit underwriting processes. Ensure a borrower passes your firm’s credit requirements by building out thorough credit profiles—including estimating their repayment and default risk potential. Review their financial statements, as well as full debt and equity financing history.

Execute: Determine the ideal tenure and repayment terms for each loan agreement—customized by region, sector, and credit risk. Benchmark to comparables across broadly syndicated loans and private lending deals, then gather additional insights on how industry peers are structuring and pricing loan facilities.

Benchmark: Monitor the performance of your overall credit portfolio and examine competitors’ loan activity. Understand each issuer’s repayment risk by tracking their financials—and flag potentially underperforming or outperforming investments.

Research: Streamline your lending decisions and deepen your understanding of credit market trends with PitchBook’s best-in-class research. Monitor loan market activity by region, industry, and credit quality using our advanced search criteria and Morningstar’s Leveraged Loans Index data.

Evaluate: Strengthen your credit underwriting processes. Ensure a borrower meets your firm’s credit requirements by building out thorough credit profiles—including estimating their repayment and default risk potential. Review their financial statements, as well as full debt and equity financing history.

Execute: Determine the ideal tenure and repayment terms for each loan agreement—customized by region, sector, and credit risk. Benchmark to comparables across broadly syndicated loans and private lending deals. Then gather additional insights on how industry peers are structuring and pricing loan facilities.

Benchmark: Monitor the performance of your credit portfolio. Understand a borrower’s repayment risk and efficiently forecast refinancing based on changing interest rates and credit market activity. Benchmark your activity against competitors’ to better target both investors and potential borrowers in your sector of focus.

Research: Discover how other corporates are using debt financing to support their operational goals and fund new growth opportunities with our Debt & Lenders Screener. Explore our Credit Research Hub and subscribe to our trusted Credit News to determine if a debt refinancing could be impacted by current economic conditions or updates in your industry.

Evaluate: Identify and evaluate a few lenders who specialize in your industry to ensure you’re partnering with the most knowledgeable and trustworthy lender for your debt financing. Cross-check a proposed loan’s terms, pricing, and issuance timing with similar corporate loans already in market to ensure it is on par with current loan activity in your industry.

Execute: Validate that the loan advice and terms from your lending and banking teams are in-range with similar loan activity in the market. Gather the data you need to perform a cost/benefit analysis before agreeing to any debt financing.

Benchmark: Monitor whether your business is taking on too much debt relative to your peers and prioritize paying off some debt if you are. Look at competitors’ balance sheets to see how your company’s debt/equity ratio compares to industry averages and ensure your business remains an attractive investment.

Research: Build your investment thesis for a credit allocation before presenting your board or CIO for approval. Research asset class fundamentals and current market activity to support your portfolio construction decisions.

Evaluate: Identify and perform due diligence on a short list of investment managers who manage private credit, mezzanine, or CLO funds that meet your risk and return criteria.

Execute: Diversify your credit asset allocation by selecting multiple fund managers that meet your investment criteria.

Benchmark: Compare the size of your credit asset allocation to other limited partners by reviewing their historical asset allocations. Monitor the performance of your fund managers and compare it to PitchBook’s benchmarks or the Morningstar Leveraged Loans Index to make more confident allocation decisions.

Research: Take a look at our credit research on leveraged loans and private credit to determine whether your team should use a broadly syndicated loan or a direct lending opportunity to help fund your next leveraged buyout. Understand how broader bank lending activity and interest rates—among other macro factors—could impact the profitability of your deal selecting either debt financing option.

Evaluate: Identify and evaluate a few lenders who specialize in the industry your deal is in to ensure your team is partnering with the most knowledgeable and trustworthy lenders. Cross-check a proposed loan’s terms, pricing, and issuance timing with similar LBOs in market to ensure the loan is on par with current loan activity for the industry in focus.

Execute: Validate that the loan advice and terms you receive from your lending and banking teams are in-range with similar loan activity in the market before agreeing to any debt financing. Gather fundamental and quantitative data from PitchBook’s database to perform a cost/benefit analysis of taking on the debt.

Benchmark: Monitor the debt financing portion of your deal on your portco’s behalf to provide sound advice on repayment activity across the portco’s capital stack. Track the lender’s broader activity to determine whether your team would want to work with this lender in the future.

Research: Stay on top of the emergence of venture debt, particularly as equity financing becomes more restrictive, by reading our macro and industry reports. Dig through our database of up-and-coming startups to opportunistically invest in with the help of some debt financing.

Evaluate: Discover lenders who offer venture debt financing options. Proactively create a short list of lenders you may want to partner with in the future.

Execute: Reach out to lenders to begin venture financing discussions and negotiations.

Research: Take a look at our credit research on leveraged loans and private credit to advise your corporate client on whether a broadly syndicated loan or a direct lending opportunity would be the better option to fund their next M&A opportunity. Understand how broader bank lending activity and interest rates—among other macro factors—could impact the cost and/or profitability of the deal selecting either debt financing option.

Evaluate: Identify and evaluate a few lenders who specialize in the industry your deal is in to ensure your team is partnering with the most knowledgeable and trustworthy lenders. Cross-check a proposed loan’s terms, pricing, and issuance timing with similar loans in market to ensure it’s on par with current loan activity for the industry in focus.

Execute: Validate that the loan advice and terms you receive from the selected lender are in-range with similar loan activity in the market before a formal debt financing agreement is put into place. Gather fundamental and quantitative data from PitchBook’s database to perform a cost/benefit analysis of taking on the debt.

Benchmark: Monitor the debt financing portion of the deal on your client’s behalf to provide sound advice on repayment activity across the client’s capital stack. Track the lender’s broader activity to determine whether your team would want to partner with this lender in the future.

Research: Position yourself as a true leveraged loan subject matter expert by understanding all leveraged loan activity across different industries and advising your clients on issuance timing and pricing accordingly.

Evaluate: Gather leveraged loans stats and performance information on comparable loans in market to ensure your team is structuring and pricing the opportunity fairly. See how other leveraged loans in the industry of focus are being rated by credit rating agencies. Identify other lenders you’d want to partner with in the syndication.

Execute: Officially form a syndication based on the information you gathered from PitchBook. Build a book of interested buyers for your leveraged loan. Structure, price, and time the issuance of the leveraged loan under conditions most ideal to your client.

Benchmark: Monitor the performance of your leveraged loan on behalf of your client. Advise your client on how and when they should pay down their debt based on market and industry conditions.

INDEX DISCLOSURES: MORNINGSTAR INDEX DATA AND ASSOCIATED REPORTS (“DATA”) IS FOR INFORMATIONAL USE ONLY, SUBJECT TO CHANGE AND IS PROVIDED “AS IS”. THE DATA IS PROPRIETARY TO MORNINGSTAR AND REPRODUCTION, TRANSCRIPTION, OR OTHER USE, BY ANY MEANS, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF MORNINGSTAR IS PROHIBITED. THE DATA ARE NOT BE USED FOR ANY UNLAWFUL OR UNAUTHORIZED PURPOSES. THIS DATA DOES NOT CONSTITUTE AN OFFER OF SERVICES IN JURISDICTIONS WHERE MORNINGSTAR, INC OR ITS RESPECTIVE AFFILIATES DO NOT HAVE THE NECESSARY LICENSES.

NONE THE INFORMATION PROVIDED CONSTITUTES AN OFFER BY MORNINGSTAR, INC., MEMBERS OF ITS INDEX GROUP OR ANY OTHER DIRECTOR, OFFICER OR EMPLOYEE OF MORNINGSTAR, INC. AND ITS AFFILIATES TO BUY OR SELL, OR A PROMOTION OR RECOMMENDATION OF, ANY SECURITY, PRODUCT OR TRADING STRATEGY. FURTHER, THE DATA DOES NOT CONSTITUTE INVESTMENT ADVICE OR A RECOMMENDATION TO MAKE OR REFRAIN FROM MAKING ANY KIND OF INVESTMENT DECISION.

INDEXES CANNOT BE INVESTED IN DIRECTLY AND THE RETURNS SHOWN WITHIN THE REPORT DO NOT REFLECT THE PERFORMANCE OF AN ACTUAL TRADING ACCOUNT. INCLUSION OF A SECURITY WITHIN AN INDEX IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD THAT SECURITY.

NEITHER MORNINGSTAR, INC. NOR MEMBERS OF ITS INDEX TEAM OR ANY OTHER DIRECTOR, OFFICER OR EMPLOYEE OF MORNINGSTAR, INC. OR ITS AFFILIATES MAKES ANY CLAIM, PREDICTION, WARRANTY OR REPRESENTATION, EXPRESSLY OR IMPLIEDLY, EITHER AS TO THE RESULTS OF A MORNINGSTAR INDEX(ES) OR THE FITNESS OR SUITABLY OF THE INDEX(ES). USE OF A MORNINGSTAR, INC. INDEX TO CREATE A FINANCIAL PRODUCT REQUIRES A LICENSE FROM MORNINGSTAR, INC.

ALL INFORMATION PROVIDED IS IMPERSONAL AND NOT TAILORED TO THE NEEDS OF ANY PERSON, ENTITY OR GROUP OF PERSONS. NO CONTENT MAY BE MODIFIED, REVERSE-ENGINEERED OR DISTRIBUTED IN ANY FORM OR BY ANY MEANS, OR STORED IN A DATABASE WITHOUT THE PRIOR WRITTEN CONSENT OF MORNINGSTAR, INC.

PERFORMANCE DISCLOSURE: PERFORMANCE INFORMATION IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY.  PAST PERFORMANCE IS NOT AN INDICATION OR GUARANTEE OF FUTURE RESULTS.