Debt

Debt utilization returned to pre-Covid levels in the third quarter, but debt composition still reflected caution.

Private credit vehicles raised $57 billion in the first half of the year, buoyed by appetite for distressed strategies, according to research firm Preqin.

Insurers have become the biggest U.S. investors in the market, topping banks and hedge funds to amass a third of all domestic holdings.

Private equity-owned companies are again raising debt to pay their owners dividends, just as warnings sound about saddling businesses with more leverage in the midst of a downturn.