A new credit perspectives report by CVC notes that European direct lending is up by 44% and 56% YoY on a volume and deal count basis. When the BSL market turned glacial in April, with no US deals priced over a 15-day period, direct lenders were only too happy to step up to the plate and deliver solutions to PE sponsors. There was no pause. No Siesta. Just an ongoing commitment to underwriting loans no matter what. This is why companies and sponsors continue to be attracted to private credit…it’s all about stability and reliability. When the going gets tough, direct lenders remain resolute.

We’ll be delving in to a wide range of thought-provoking topics at IPEM’s Private Credit Summit in Paris next month so get your questions ready!