Europe

Today’s market is characterised by optimisation by banks of their balance sheets in the face of changing capital and provisioning rules, with private credit stepping in to fill the gap, says Toni McDermott, credit and lending CIO at Arrow Global.

Engagement over ESG takes priority as fund managers try to balance the US and Europe divide.

Survey of investors and managers points to interest in the asset class continuing to rise.

The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.

The UK government wants to beef up its pensions sector to compete with the biggest players from the US and Australia.

The fund will continue the firm’s specialist focus on lending to B2B services and software companies.

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.

Transaction volumes reach their highest level in Europe despite terms becoming more conservative.

New report from rater surveys the key legal features observed in rated transactions.