Essential intelligence on leveraged finance 

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PitchBook | LCD is the go-to resource for trusted news, research, and data on liquid and illiquid loans, bonds, and private credit markets. Whether you're looking to dive deep or simply track the latest updates, we've got your covered with our streamlined platform for faster competitive intelligence.

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Real-time news coverage on leveraged loan and high-yield bond originations, pricings, and trading

The data you need, delivered with speed and simplicity

Who we serve

Turn information into business intelligence

Compare loans currently in the market with similar, recent transactions

View marks and compare how various BDCs value the same investments

Produced by veteran journalists and analysts, LCD’s news coverage allows you to track deals throughout their lifecycle and compare them against the rest of the market.

What is LCD?

LCD, a part of PitchBook, is the only provider of real-time coverage of the US and European leveraged loan and high-yield bond markets, from deal inception through the trading life of the debt. With over 500 leveraged loan indexes in the US and Europe that track performance, index characteristics, and risk measures, LCD is the industry standard for leveraged loan data, news, analysis, and indexes—providing coverage across the full loan lifecycle. Additionally, LCD provides growing coverage of investment grade bond issuance, distressed debt, corporate bankruptcies, and middle market transactions.

Structure and price deals to clear the market

Benchmark pricing and structure on illiquid instruments

Identify possible trade opportunities

Identify co-investments by BDCs in the same company

LCD offers an extensive database and feeds that deliver key index and deals data to help ensure you receive the factors you need quickly and securely.

Default rates, secondary spreads and return summaries

Investor technicals, including drivers of supply and demand

Industry stats, including primary and secondary market views of industry activity

Credit stats, including adjusted and non-adjusted leverage and interest coverage multiples

Market-driven price and structure flexes during syndication

Forward calendars of deals before they hit the market

Topical pieces analyzing key developments and macro trends

A daily recap with comprehensive coverage of events


Investment management

Track deals through their whole lifecycle, including distressed debt and defaults. Benchmark your portfolio and those of your competitors against our Leveraged Loan Indexes.

Price and structure loans that clear the market. Compare loans currently in the syndications market by screening for new transactions as they come to the market, as well as all historical deals.

Investment banking

Remain at the forefront of the financial markets with proprietary leveraged loan data, topical research and news that contextualize the current market against 20 years of historical data.

Private equity

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