European Direct Lending Perspectives Q2 2020

European Direct Lending Perspectives report

Debtwire & Creditflux
21 October 2020

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The eighth quarterly edition of the European Direct Lending Perspectives is now available to Unquote subscribers.

Produced by Debtwire and Creditflux, the report collects fundraising and deal volume statistics, the most read news articles, and interviews with key players in the market to highlight the key themes in the European private debt market across Q2.

This issue examines the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back.

Despite a grim outlook coming into the quarter, dealflow ended the quarter strong: June saw the highest direct lending monthly issuance (€2.8bn) since July 2019. Overall, H1 2020 saw €6.82bn raised from 159 deals, in line with 2018.

Fundraising took a big hit in Q2, though – managers raised just €2.6bn across four funds, compared to €11.3bn across seven in Q2 2019. However, despite the macroeconomic conditions, five direct lenders held first closes, a slight increase on the four held at the same time last year.

Other highlights include:

How returning demand is already affecting deals' terms and pricings
An interview with CVC's head of European private debt Neale Broadhead
Trevor Castledine, senior director at BFinance, discusses private debt and investing through the cycle
Full deal league tables & deal analysis
Fundraising round-up

Click here to access the full report