Inflation

Legislative uncertainty prompts LPs to look beyond US-focused direct lending funds, even as the market retains its dominance in private credit fundraising tables.

The ‘America First’ approach brings new priorities for lenders, with uncertainty a constant presence.

US lenders and investors attempt to keep pace with a rapidly evolving inflationary and political environment.

Tariffs and ‘higher for longer’ interest rates were just some of the factors attributed to the market’s ambiguous condition.

The UK market accounts for almost three out of every 10 transactions across Europe.

There are certain principles of lending that must never be compromised irrespective of economic conditions, says Nick Holman, head of the UK and Irish investment team at Kartesia, PDI’s Lender of the Year in Europe 2024.

While enthusiasm grows as lower interest rates hint at a revival of dealmaking, the future for defaults and interest coverage ratios remains mixed.

With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.

A difficult environment for fundraising skews the odds in favour of the largest managers.

Heightened capital costs are increasing stress for real estate borrowers in the UK and Europe.