Indice Aether FS Unitranche
The first benchmark index for private debt in France

In France, Unitranche private debt is a relatively new asset class, lacking established benchmarks, comparative data, or statistical references. In an environment where the M&A and Private Equity sectors are constantly monitored and analyzed, the absence of an index for Unitranche financing appears anachronistic.
In this context, Aether, France’s leading independent agency in private debt, aims to fill this gap by creating a dedicated index that is both clear and easy to use.
The Aether FS Unitranche France Index measures, for a given Unitranche financing, the financial cost of one “turn of EBITDA” or leverage.
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