Q3 2025 PitchBook Benchmarks with preliminary Q4 2025 data

Retained excerpt

Median private debt IRRs have generally climbed in recent years, only dipping slightly in 2023 before hitting a 20-plus-year high in 2024. Source: Q3 2025 PitchBook Benchmarks with preliminary Q4 2025 data

This limited excerpt is retained to explain the source trail. Rights remain with the original publisher.