It has been a challenging year for all financial markets, and middle market debt is no exception. The Debtwire US Middle Market Loan Rankings show total loan issuance of USD 62 billion for the full year of 2022, a 24% fall on 2021's USD 81 billion figure. But one thing that hasn't changed is JPMorgan's dominance in the syndicated space. They claimed the top spot for both the US Middle Market Bookrunner League Table and the US Middle Market Lead Left League Table, with USD 11.5 billion and USD 13.6 billion of deal volume respectively.
Underneath them though the landscape was more volatile, as Bank of America climbed three places to come second in the Bookrunner League Table and leaped a dramatic eight places to also take second in the Lead Left League Table. That rise is also apparent in our US Middle Market Private Equity Backed Loans, with Bank of America taking first place for both the Bookrunner and Lead Left rankings.
On the institutional syndicated loan side, Antares claimed the number one ranking on the Institutional Bookrunner and Lead Left League Tables.
The Debtwire US Middle Market League Tables are based on data in our Debtwire Par service. We define Middle market as up to USD 150m of funded debt and up to USD 300m of unfunded debt. Total combined funded and unfunded debt cannot exceed a combined USD 300m. More details on our criteria and definitions is at the end of the report, which you can download to your right.To download please sign in.