PeerSense Capital Data Report, Third Quarter 2026

Where announced capital was allocated

General corporate borrowing led disclosed volume at $141.41B across 135 financings. Equity and joint ventures followed at $91.7B across 85 financings. Forward flow and loan purchase reached $45.17B across 53 financings. Warehouse and lender finance reached $25.29B across 74 financings. Term securitization had the highest count at 264, although 17 were sized. Data center and digital infrastructure recorded $19.46B across 11 financings, with a median of $725.0M.

Third quarter activity

The third quarter included 243 financings, compared with 538 in the prior nine months. Sized financings totaled $160.65B, and the median disclosed size rose to $400.0M from the 12 month median of $300.0M. Equity and joint ventures contributed $60.8B across 27 financings. General corporate borrowing contributed $29.88B across 32 financings. Forward flow and loan purchase reached $21.73B across 17 financings.

Who announced the financings

Corporates accounted for 176 financings and $169.83B disclosed, with a median of $400.0M. Fintech and consumer lenders announced 125 financings totaling $35.59B. Specialty lenders and originators announced 108 financings totaling $35.72B. Data center developers and operators had 15 financings totaling $56.51B, with a median of $1400.0M. Real estate sponsors and operators recorded 65 financings and $13.64B disclosed.

Large financings dominated disclosed dollars

Financings at $100M and up accounted for 374 sized financings and $396.57B. Financings under $100M accounted for 90 financings and $3.36B. The size bands included 103 financings at $1B and up, totaling $301.23B. Another 71 financings fell between $500M and $1B, totaling $46.91B. There were 317 financings with no disclosed size.

Most active named funders

The funder names come from public announcements and filings. JPMorgan Chase Bank appeared in 34 financings totaling $36.83B. Wells Fargo Bank appeared in 29 totaling $31.8B. Bank of America appeared in 23 totaling $16.76B. Citibank appeared in 14 totaling $26.85B. PNC Bank appeared in 11 totaling $3.79B. Morgan Stanley Senior Funding and Rithm Capital each appeared in 6 financings. A financing with several named funders is counted once for each named funder at the full announced amount.

Monthly activity and the July spike

Activity rose sharply in July, which recorded 164 financings and $118.34B disclosed. June had 89 financings and $40.59B, while August had 57 financings and $26.53B. September recorded 22 financings and $15.78B. Before July, the highest monthly count was 89 in June. The July total reflects several large public announcements across equity, data center financing, forward flow and corporate borrowing.

Largest announced financings of the quarter

The largest was Aligned Data Centers with Mgx, Ai Infrastructure Partnership and Blackrock Global Infrastructure Partners, at $40000.0M on July 21, 2026. Riot Platforms announced $9100.0M of data center financing with Morgan Stanley Senior Funding on August 10, 2026. Cliffwater Corporate Lending Fund announced a $7740.0M fund subscription or leverage line with Massachusetts Mutual Life Insurance Company on July 29, 2026. Other large announcements included CMA CGM and United Ports with Stonepeak at $6000.0M, and Upstart with Castlelake at $4000.0M.

Connecticut UCC sample

The Connecticut sample provides a separate view of filing activity. September recorded 17 filings involving 6 distinct secured parties. August recorded 21 filings involving 4 distinct secured parties. July recorded 39 filings involving 7 distinct secured parties. June recorded 33 filings involving 7 distinct secured parties. The sample comes from the state's open data portal and is not added to the financing totals.

What this says to a borrower

Capital is concentrating in larger transactions, with $396.57B of disclosed dollars tied to 374 financings at $100M and up. Corporate borrowing, equity and joint ventures, forward flow and loan purchase, and data center activity were important channels in the period. A sponsor, originator or CFO seeking $10M to $500M should read the market as one where size, structure and category affect visibility. Specialty finance included 34 financings between $10M and $100M and 128 at $100M and up. The data gives a borrower a way to compare a proposed financing with the public transaction mix without treating every announced amount as directly comparable.

How the report was built

Financings are collected from press releases, SEC filings including 8 K, 10 Q and ABS 15G filings, trade press and company newsrooms. Only publicly announced financings with a source link are counted. Sizes are recorded as disclosed, and lanes follow the announced facility wording. Repeat reports of the same announcement are merged. For announcements within ten days, one financing per company is counted at the largest disclosed amount, never the sum. A facility reported again in later quarterly filings is counted once. SEC filing borrowings are classified from filing text. Ordinary company credit facilities and fund subscription lines have their own lanes. The full table is downloadable as CSV. The next edition is January 2027.

Edward L. Freeman, Managing Director at PeerSense, is accountable for the data program and its standards, as documented on the methodology page.

Edward L. Freeman, Managing Director, PeerSense. Questions about the data: (317) 452 6990 or book a call.

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PeerSense tracked 781 publicly announced financings and $399.92B in disclosed size through September 30, 2026: https://peersense.com/research/capital-data-report-q3 to 2026

Source: <a href="https://peersense.com/research/capital-data-report-q3-2026">PeerSense Capital Data Report, third quarter 2026</a>.

PeerSense Capital Data Report, third quarter 2026, revised October 1, 2026.

<blockquote style="max-width:420px;margin:1rem 0;padding:16px 20px;border-left:4px solid #b5893a;background:#f8fafc;font-family:system-ui,sans-serif;"><strong style="display:block;font-size:16px;color:#0f172a;">The third quarter recorded 243 publicly announced financings and $160.65B in disclosed size.</strong><a href="https://peersense.com/research/capital-data-report-q3-2026" style="display:inline-block;margin-top:8px;font-size:13px;color:#b5893a;text-decoration:none;">Source: PeerSense</a></blockquote>