Private debt is a relatively recent entrant to the alternative asset class. In 2007 private debt AUM measured less than $200 billion. Today illiquid credit is $900 billion with growth estimates of 50% over the next 5 years.  

The Lincoln Senior Debt Index provides lenders and investors a much-needed tool to assess portfolio performance and benchmark returns in this otherwise opaque market.  

We asked Lincoln’s Larry Levine, what is the average yield direct lending investors can expect to achieve?