Pricing deals in Private Credit

Can someone provide thoughts on how private debt deals are priced? LCDComps has been mentioned before. But that only provides YTM and Leverage metrics for bonds and leveraged loans. What data on LCDComps is used to figure out pricing for private debt?

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Comments (3)

Feb 25, 2021 - 10:05pm

If you have access to TheLeadLeft, they typically track average deal margins in their weekly report.

But yea, private debt is much more difficult to just index given all of the nuances (deal sizes, OIDs).

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Feb 26, 2021 - 12:15am

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