S&P Global’s Index Arm and Lincoln Introduce U.S. and Europe Senior Debt Indices
S&P Dow Jones Indices and Lincoln International have launched the S&P Lincoln Senior Debt Indices for the U.S. and Europe, offering quarterly fair-value benchmarks for direct lending credit investments across private loan funds. S&P DJI will handle publishing, calculation and licensing while leveraging Lincoln’s database of over 25,000 annual portfolio valuations to expand its credit index offerings.
1. Index Launch and Structure
S&P Dow Jones Indices and Lincoln International unveiled the first two benchmarks in the S&P Lincoln Senior Debt Index Series: the U.S. S&P Lincoln Senior Debt Index and the Europe S&P Lincoln Senior Debt Index. These indices provide quarterly fair-value measurements of direct lending credit investments across private loan fund clients, filling a gap in transparency for private markets.
2. Partnership and Data Integration
S&P DJI will serve as the sole publisher, calculator, administrator and licensor of the index family, while Lincoln International contributes its private market database, which includes over 25,000 portfolio company valuations annually. This collaboration combines S&P DJI’s index governance expertise with Lincoln’s comprehensive private credit insights.
3. Strategic Implications for S&P Global
The launch extends S&P Dow Jones Indices’ reach from syndicated loans into private lending and reinforces S&P Global’s strategy to deliver trusted benchmarks across asset classes. By expanding its suite of credit indices, the company aims to attract new licensing opportunities and strengthen its position in the growing private markets sector.