Who leads US direct lending in a volatile market?

Octus ranked every active lender across six market segments for Q1 2026 — from large-cap to lower middle-market, and sector by sector.

Churchill overtook last year’s leader to top Octus’ Q1 2026 US Private Credit League Tables with 53 deals closed and a 6.5% share of total deal volume. Antares and Blackstone Credit followed closely in second and third.

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• Market share analysis
• Activity by deal size, sector and use of proceeds