Bloomberg has introduced a private direct lending data service to increase visibility within the private credit market.
The offering aggregates information from multiple sources to cover 15,000 active loans representing about US$1 trillion in deal flow. It consolidates US business development company filings, merger and acquisition disclosures, and news reporting to create standardised loan-level records.
“Direct lending has historically been difficult to evaluate because loan-level data is often fragmented, inconsistent and not easily comparable across the markets,” said Brad Foster, head of fixed income and private markets. “Bloomberg is extending its end-to-end credit capabilities into private markets by combining a normalised dataset of all US BDC-reported and other direct lending loans with integrated analytics and enterprise delivery so clients can analyse pricing trends, compare loan terms, and apply more consistent analysis across public and private credit.”
The platform includes specific data points such as deal size, interest rate spreads and credit health indicators to support risk monitoring and benchmarking.
Clients can access the service via the Terminal and via Data License at its web portal, with delivery options including SFTP, REST API or a cloud environment.
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