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      <title>Private credit spreads in spotlight on both sides of Atlantic as market dynamics shift</title>
      <link>https://pitchbook.com/news/articles/private-credit-spreads-in-spotlight-on-both-sides-of-atlantic-as-market-dynamics-shift</link>
      <description>Publicly traded BDCs have been increasingly returning capital to investors through share buybacks instead of investing it in loans.</description>
      <pubDate>Wed, 20 May 2026 13:25:10 GMT</pubDate>
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      <title>PIK interest income at BDCs falls for 3rd straight quarter as schism appears</title>
      <link>https://pitchbook.com/news/articles/pik-interest-income-at-bdcs-falls-for-3rd-straight-quarter-as-schism-appears</link>
      <description>Once the domain of distressed borrowers, PIK loans are a favored option for healthy companies navigating the punishing reality of high interest rates, raising questions about whether today’s cash flow cushion could become tomorrow’s repayment crisis.</description>
      <pubDate>Tue, 11 Nov 2025 20:21:54 GMT</pubDate>
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      <title>Rate cuts of 100 bps could lower BDC earnings by 7.2% – Oppenheimer</title>
      <link>https://pitchbook.com/news/articles/rate-cuts-of-100-bps-could-lower-bdc-earnings-by-7-2-oppenheimer</link>
      <description>BDC stock prices have fallen meaningfully this year while the broader stock market has rallied.</description>
      <pubDate>Fri, 17 Oct 2025 12:52:03 GMT</pubDate>
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      <title>Private credit portfolio growth flags as Wall Street banks poach, repay big direct lending deals</title>
      <link>https://pitchbook.com/news/articles/private-credit-portfolio-growth-flags-as-wall-street-banks-poach-repay-big-direct-lending-deals</link>
      <description>Spreads have been in broad decline across portfolios.</description>
      <pubDate>Fri, 12 Sep 2025 14:19:26 GMT</pubDate>
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