PeerSense Capital Data Report, Third Quarter 2026

Financing lanes over 12 months

General corporate borrowing led disclosed dollars, with $140.32B across 138 financings. Term securitization led by count, with 266 financings and $10.39B disclosed. ABL and revolvers recorded 103 financings and $32.48B disclosed.

Third quarter activity

The third quarter recorded 243 financings, compared with 669 in the prior nine months. Of the quarter financings, 139 had a disclosed size, totaling $111.49B, with a median of $400M. Term securitization led by count with 85 financings. General corporate borrowing had $31.73B disclosed, while forward flow and loan purchase had $20.98B and equity and joint ventures had $20.80B.

Who raised the capital

Corporates recorded 258 financings and $178.24B disclosed. Fintech and consumer lenders recorded 146 financings and $34.50B. The group was not stated for 140 financings, with $46.05B disclosed. Specialty lenders and originators recorded 122 financings and $33.11B. Other groups included real estate sponsors and operators, with 71 financings and $13.64B; MCA and small business funders, with 43 and $7.44B; equipment finance companies, with 38 and $4.96B; energy and infrastructure developers, with 18 and $7.56B; and data center developers and operators, with 12 and $14.98B.

Financing sizes

Financings of $100M and up numbered 412 and represented $355.60B, or 98.4% of disclosed dollars. The $100M to $500M band had 231 financings and $54.98B disclosed. The $500M to $1B band had 81 and $53.63B, while the $1B and up band had 100 and $246.99B. Below $100M, 168 financings disclosed $5.71B: 74 in the $35M to $100M band with $4.54B, 50 in the $10M to $35M band with $1.04B, and 44 under $10M with $0.13B. Size was not disclosed for 332 financings.

Named funders in public records

JPMorgan Chase Bank was named in 40 financings totaling $47.93B. Wells Fargo Bank was named in 34 totaling $42.20B, Bank of America in 27 totaling $18.70B, and Citibank in 20 totaling $33.10B. Names come from public announcements and filings. A financing with several named funders is counted once for each named funder at the full announced amount.

Monthly pattern

The monthly record is: October 2025, 111 financings and $30.21B; November 2025, 71 and $29.29B; December 2025, 92 and $36.20B; January 2026, 61 and $28.74B; February 2026, 77 and $28.64B; March 2026, 53 and $17.64B; April 2026, 47 and $10.79B; May 2026, 70 and $30.06B; June 2026, 87 and $38.25B; July 2026, 165 and $77.04B; August 2026, 53 and $16.98B; September 2026, 25 and $17.47B.

Five largest financings of the quarter

Cliffwater Corporate Lending Fund, funded by Massachusetts Mutual Life Insurance Company, $7.74B, July 29, 2026. CMA CGM / United Ports, funded by Stonepeak, $6.00B, July 28, 2026. Dubai Aerospace Enterprise / Mustang Aerospace JV, funded by Neuberger Berman Specialty Finance, $6.00B, July 6, 2026. Aon plc, funded by Citibank, $4.00B, September 11, 2026. Upstart, funded by Castlelake, $4.00B, July 29, 2026.

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.

Reading the specialty finance mix

For a sponsor, originator or CFO seeking $10M to $500M, the specialty finance subset offers a public record reference point. It includes 248 financings, with $96.24B disclosed and a median of $200M. Of those records, 198 had a disclosed size; 132 were $100M and up, and 42 were between $10M and $100M. The counts show activity across both size ranges, while the disclosed median for the subset was $200M.

How the report was built

The report uses press releases, SEC filings, trade press and company newsrooms. Only publicly announced financings with a source link are counted. Each financing is one record, and records flagged as repeats are excluded before counting. Announcements by one company within 10 days count once at the largest disclosed amount, and a facility reported again in later quarterly filings counts once. Other currencies are converted to US dollars at the rate on the announcement date. Acquisitions and other deals that are not financings, along with people moves, are excluded. Ordinary company credit facilities and fund subscription lines have their own lanes. Funder name variants are merged in the funder table. The full table is available as a CSV. The next edition is January 2027.

Edward L. Freeman, Managing Director at PeerSense, is accountable for the data program and its standards, 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 Capital Data Report, Third Quarter 2026, records 912 financings and $361.32B disclosed over the 12 month window, at https://peersense.com/research/capital-data-report-q3-2026

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 3, 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 financings with $111.49B disclosed.</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>