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US private credit league tables Q1 25

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News and Analysis

US private credit league tables Q1 25

Elijah Jackson's avatar
  1. Elijah Jackson
•1 min read

The US private credit deal rankings for Q1 2025 are now live, with Audax Private Debt leading the field with 48 deals. Antares Capital follows closely, while TPG Twin Brook, Monroe Capital, and Churchill Asset Management round out the top five for the quarter.

Over the last 12 months, Antares leads with 177 deals, followed by Churchill, Morgan Stanley Private Credit, Bain Capital Credit, and Audax.

We’ll break down the key trends, lender strategies, and market dynamics in our upcoming quarterly US Private Credit Review. Until then, explore the full lender rankings and see how deal flow is shaping up across the middle market.

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