Photo of John B. Levy John B. Levy co-created the Gilberto-Levy Commercial Mortgage Performance Index in 1993.

RICHMOND, VA—Second-quarter total returns for private-market loans in investor portfolios, as tracked by the Giliberto-Levy Commercial Mortgage Performance Index, came in ahead of those for Q1 and also beat quarterly returns on CMBS, according to data released Tuesday by John B. Levy & Co. The latest G-L Index shows a 2.11% total return for Q2. That compares to a total return of 2.01 in the first three months of this year.