LPX Listed Private Credit Index

The DLX Direct Lending Index measures the risk and return characteristics of globally listed debt companies, providing investors with valuable insights into the private debt market.

Exposure to Private Debt

From an investor’s perspective, there are typically two ways to gain exposure to private debt:

1. Closed-End Funds: Limited partners such as banks, insurance companies, pension funds, or high-net-worth individuals commit capital to a fund for a fixed time horizon.
2. Private Debt Companies: Traded on stock exchanges, offering an alternative to limited partnership interests.

Challenges and Solutions

Identifying relevant companies within the equity universe can be challenging. To address this, LPX AG has wwweloped a comprehensive proprietary database of listed debt companies.

Inclusion Criteria

Companies are included in the database based on the following criteria:

1. Provision of Debt or Mezzanine Capital: Companies must provide debt or mezzanine capital to unquoted companies.
2. Asset Allocation: At least 50% of total assets must be invested in debt or mezzanine capital.
3. Stock Exchange Listing: Companies must be listed on a stock exchange.