PitchBook LCD

Product · US · 1 documents

Key number

$25 billion

Estimated direct lending volume to sponsor-backed companies over the past three months. PitchBook / NVCA p.2

US Private Credit Monitor, July 2026

ReportPitchBook / NVCAJuly 202640 pages

Over the past three months, estimated direct lending volume to sponsor-backed companies recovered to $25 billion, the second-lowest total since Q3 2023.