MMKT Exchange LLC, a leader in the middle market lending technology and data analytics space, announced today that it launched a quarterly Middle Market Loan Trend Report, beginning with Q3 2015.  The report is free and can be downloaded here:  See: https://blog.mmkt.com/2016/01/19/q32015-preview/

MMKT is publishing this report in an effort to improve market awareness of, transparency into, and accessibility to the middle market loan industry. The insights obtained by focusing on industry-level trends and movements in publicly disclosed BDC holdings will help current and potential market participants understand ongoing dynamics in middle market loans.  Interested parties can expect a new report to be published on a quarterly basis moving forward.

The primary basis for the contents of the report is the historical BDC data file published quarterly by S&P Capital IQ LCD Middle Market.  The file contains information on approximately 42 BDCs (through Q3 2015) and analyzes historical data for the trailing two years ending Q3 2015.  Further, this report excludes the equity holdings of BDCs and focuses exclusively on loan holdings.

“There is a vast amount of data available in middle market lending,” said David Tannenbaum, Founder and President of MMKT. “However, there is a scarcity of analysis at this level in the industry.  Taking a look at historical market movements allows us to provide a level of detail that gets us closer to our goal of global efficiency.  We plan to publish this report quarterly in an effort to deliver much-needed information to the market on an ongoing basis.”

MMKT is a technology provider that is transforming the way middle market loans are bought and sold.  MMKT’s mission is to introduce efficiency, liquidity and transparency to the outdated middle market loan syndication process, while increasing accessibility to a broader base of lenders.

Founded in 2015 and headquartered in New York, NY, MMKT is backed by a group of high net worth individuals and leading institutional investors, including Fifth Street Asset Management Inc.