All Insights

Private firms account for 77% of issuers in the leveraged loan market today, highlighting the larger shift toward private markets.

70% of Russell 2000 companies that have IPO’d since 2020 have negative earnings, highlighting the challenges facing public small cap markets.

The private U.S. middle market may represent a compelling opportunity as companies in this sector face less disruption from global supply chains.

In this research note, we address four essential questions on tariffs for investors, representing our latest insights into the situation. We run through the stated goals of tariff policy, possible economic effects and the investment impact for various asset classes.

Our base case remains one of continued expansion, albeit with slowing momentum and a narrowing set of growth drivers.

Our Investment Research team compiled their best charts and latest market analysis across macroeconomics, public markets and private market strategies to help our clients map today’s markets.

Stock-bond correlation sits at a 75-year high today as the era of easy diversification may be over amid a higher-for-longer rate environment.

Private credit has traditionally offered a yield premium over public credit markets. It has widened meaningfully today. Spreads tell a similar story.

Individual and professional investors have grown notably more bearish in February. The U.S. middle market may represent a reason to be bullish.

While higher interest rates have challenged the private equity exit environment, middle market investors have experienced much less disruption.

After scaling a wall of worry, public markets now appear priced for perfection. But lofty valuations and policy uncertainty pose risks.

As the CRE market reverts toward a more normalized environment, income-centric strategies could return to favor.