In the Headlines: Lincoln's Q4 2025 Indexes

Mar 2026

In the Headlines: Lincoln’s Q4 2025 Indexes

Insights and data from Lincoln’s Q4 indexes from our Valuations & Opinions Group were recently featured in several publications.

The Wall Street Journal
- Private Equity Daily: Investors Back Talkiatry With $210 Million | Ex-NFL and Political Stars Back Garden City Equity Fund | Leon Black’s Finances Dissected
Bloomberg
- Private Credit had problems even before the SaaSpocalypse
Fortune
- In Private Credit, “Shadow Default” Rate Increases as Money Chases Lower-Quality Deals
LevFin
- US Insight: Slowing Growth of Private Issuers May Signal Stress, per Lincoln’s Index, but Not the Whole Picture
PitchBook
- Distress Grows in Direct Lending; foreclosures jump on 2021-22 deals
Octus
- Shadow Defaults, “Bad PIK” Signal Cracks in Private Credit
Private Equity Professional
- Lincoln Private Market Index Posts Slowest Quarterly Growth of 2025
CreditFlux
- 2026 Has Already Seen Over $7 billion in Direct Lending Foreclosures

Summary

Lincoln International’s Valuations & Opinions Group explores findings from Lincoln's Q4 2025 Indexes in Bloomberg, The Wall Street Journal and more.
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Q4 2025 Lincoln Private Market Index™

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