US Private Credit Market Pulse 2026: The Borrower's Edge
Date
January 22, 2026 • 1 min read
As we flip the calendar to 2026, it is worth reflecting on the resilience of the private credit market throughout a year of volatility. Despite macro headwinds - including labor market concerns, consumer softness, and credit quality consternation - strong technicals have kept the private credit market moving.
DC Advisory’s US Private Capital Markets team and LevFin Insights discuss the drivers that sustained the momentum of the private credit market in 2025, and what’s on the horizon for 2026.
Topics include:
- Why documentation scores hit historic lows and how “auto-cure” provisions are altering the default landscape
- How direct lenders are navigating a falling base rate environment to protect institutional returns
- Implications of the FDIC and OCC’s withdrawal of leveraged lending guidelines on bank-led competition
Download the full report >
All deal references and quantitative data have been sourced from LevFin Insights, a CreditSights company.
Unless otherwise indicated, all data referenced in this article is from LevFin Insights and Covenant Review. Covenant Review is a sister publication of LevFin Insights, and tracks the strength of protective covenants in private credit agreements. All deal references and quantitative data have been sourced from the LevFin Insights database.
DC Advisory has prepared this material solely for informational purposes and it is not a research report. This material does not constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of any offer to buy, or any recommendation with respect to, any securities. For other important information, please read our Insights & publications disclaimer >
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