Europe

Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

EIB to lend €100 million to Dutch and German SMEs through Funding Circle

Lending platform expects loans to create more than 2,500 jobs as part of a European investment plan.

UK NPL portfolios expected to be put up for sale

CBRE’s head of loan advisory expects an increasing number of non-performing retail loans to hit the market in the next two years.

How Europe’s deal volumes stack up

European private debt deal volumes have more than doubled in just six years.

VIDEO: Meet the most influential: Tikehau’s Mathieu Chabran, Mediterranean maestro

We meet one of private debt’s biggest influencers, Tikehau co-founder Mathieu Chabran, to talk about his love of rugby, food and the strangest thing an investor has ever asked him.

France sees 50% rise in private debt capital

French alternative credit activity grew strongly in 2018, though it remains concentrated among a small number of funds.

Tikehau adds Nomura vet, Citigroup fundraiser to senior ranks

Paris-based Tikehau has set targets to substantially boost its assets under management and the operating profits of its asset management arm by 2022.

ICG hires Carlyle’s European buyout MD to subordinated debt and equity role

Company says Zeina Bain’s appointment will boost its ability to invest in growth companies seeking mezzanine finance.

First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.

European deals to look out for in 2019

With record amounts of capital to deploy, managers are eyeing opportunities on the continent. We examine some of the potential areas of focus and how the market differs across the Atlantic.