The retrenchment of banks is proving a boon for private debt markets, especially in Poland.
Spain’s private debt market has continued to grow strongly this year, outpacing many other European markets.
Record deal levels in Europe point to a market that is rising to the macroeconomic challenges.
SMEs are increasingly keen to work with private lenders, with Spain a standout market.
European debt activity is consolidating around non-cyclical sectors, as lenders seek out stable revenues.
The European private debt market was busier than ever in H1, despite the macroeconomic challenges.
Private debt proved its resilience in the first half, compared with the increasingly volatile public markets.
The shifting landscape is throwing up a set of openings for European investors.
Sweden and Denmark continued to be the main drivers of dealflow in the first half.
In the magazine: The battle of covenants recommences; Why investors are drawn to speciality finance; How credit managers are using their heft to increase margins at portfolio companies; Keynote interview with Alter Domus; Plus much more…