Boston Fed study finds rising PIK interest use among BDCs; private credit funds owed banks $349B

Fed data show US-domiciled private credit funds owed banks $349 billion at year-end 2025. A Boston Fed study of 168 BDCs found about 10% of loans used payment-in-kind interest by early 2026, up from about 6% in 2022.

Detected & updated continuously · Source: Nebula