Europe

Five LPs speak of an asset class in transition

The shift from direct lending to speciality finance, adapting to ESG requirements and responding to regulatory scrutiny: these are some of the evolutionary steps being taken by private debt. Five investors share their thoughts on changing times.

CVI on the best SME lending opportunities in CEE

With strong growth rates and limited competition, Central and Eastern Europe is a land of promise for lenders, say Marcin Leja, partner and CEO; Magdalena Śniegocka, principal; and Radoslav Tausinger, partner at CVI.

Eiffel closes impact-through-ESG debt fund on €777m

Eiffel Impact Debt II uses ESG levers to encourage sustainability improvements and is one of the largest-ever ‘impact’ debt funds; strategy head Antoine Maspétiol tells affiliate New Private Markets how Eiffel navigated the ‘tough’ fundraising environment.

RoundShield closes ABL fund on over $1bn

RoundShield closes its fifth fund on $1.01bn, surpassing its target, as it eyes opportunities in European asset-backed private credit across real asset sectors.

ICG closes huge $17bn senior debt fund

The fund is thought to be one of the largest ever raised for private debt investment in Europe.

Park Square closes European lending fund at €3.4bn

The fund is backed by a joint venture between Park Square and Sumitomo Mutsui Banking Corporation.

AlllianzGI raises €560m for impact credit strategy

The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.

Why evergreen funds are gaining attention in Europe

Evergreen vehicles are growing in popularity across alternative assets and in private debt in particular, say Proskauer’s Joshua Jones and James Oussedik.

Denver Employees takes closer look at real estate credit

The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.