PitchBook, premier data and research provider for private and public equity and credit markets, today announced the integration of Leveraged Commentary & Data’s (LCD) Business Development Company (BDC) portfolio holdings data as well as its Collateralized Loan Obligation (CLO) datasets. The BDC portfolio holdings dataset provides transparency into the growing private credit market, while the CLO dataset tracks vehicles that represent the largest investor group for leveraged loans. This integration builds on the launch of PitchBook Credit, powered by LCD, the industry’s most comprehensive credit intelligence solution, with access to breaking credit news, institutional research, a complete database of debt and lenders data and the Morningstar LSTA Leveraged Loans Index family.
“The integration of LCD’s BDC and CLO datasets is the last component of PitchBook and LCD’s integration and creates the industry’s most powerful solution for credit market participants,” said Marina Lukatsky, Global Head of Credit Research at PitchBook. “In today’s high interest rate market, CLOs are issuing investment vehicles at a record pace, and companies are seeking attractive debt options to sustain their businesses. PitchBook Credit is now a complete, centralized solution that allows our users to easily track market activity, benchmark performance, source and comp deals and assess risk.”
BDCs typically invest in small and medium-sized businesses (SMBs) with significant growth potential and are often underserved by traditional banks. PitchBook’s new BDC dataset uniquely connects debt investments reported by BDCs directly to comprehensive issuer profiles and detailed transaction data. This linkage provides a depth of information that goes beyond the standard disclosures found in BDC filings and enables credit market participants to source promising investment opportunities and manage risk.
PitchBook’s newly integrated CLO data provides detailed information about the CLO vehicles at issuance, such as tranche structure, ratings and spreads, as well as refinancing and reset details. Building on PitchBook’s extensive coverage of fund managers and investors, the integration associates CLO funds directly with manager profiles for a more holistic view. This helps asset managers, PE firms and limited partners to accurately assess the credit quality of the securities and manage risk. Clients can access this data through the PitchBook platform, Excel Plugin, Data Feed, or API.
In May, PitchBook launched PitchBook Credit, powered by LCD, which centralizes credit news, research, data, tools and the US and European Morningstar Leveraged Loans Indexes within the PitchBook Platform. The integration of LCD’s BDC portfolio holdings and CLO datasets creates a complete credit intelligence solution for clients, covering the full lifecycle of loans, and enriching credit market activity with PitchBook’s comprehensive coverage of private and public equity markets. PitchBook Credit is now the preeminent news, data and research provider for credit market participants.
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About PitchBook
PitchBook is a financial data and software company that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people. The company's data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook operates globally with more than 3,000 team members. Its platform, data and research serve over 100,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary.
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