
European Direct Lending Perspectives Q4 2020
After a difficult 2020, direct lenders are more optimistic in their outlook for the year to come, according to the latest direct lending report published by Unquote sister publications Creditflux and Debtwire.
Creditflux and Debtwire have now published the 10th edition of the quarterly European Direct Lending Perspectives report, which also contains our third annual survey of the direct lending market.
The survey reveals that only 9% of market participants anticipate coronavirus negatively impacting fundraising in 2021, and 69% believe fund deployment will build on 2020 figures. Direct lenders also look back over 2020, and offer their views on leverage levels, covenant breaches and what the greatest challenge faced by the market was during the pandemic.
European direct lenders finished a difficult year impressively, with €4.13bn of issuance across 124 deals, marking a return to more stable levels after a turbulent year. Fundraising struggled in 2020, down 56% year on year to €16bnn. However, a number of funds are already in the market and look set to add to a blockbuster year in 2021.
Other highlights of the report include:
- Exclusive league tables showing the top lenders in Europe in mid-market and senior debt
- Full deal analysis of Q4, including volumes, large-cap vs midmarket and use of proceeds
- Fundraising round up and highlights of Q4
- A look back at how direct lenders fared throughout 2020
- Direct lenders and other experts give their prognosis for 2021
- Highlights of the top news stories on Creditflux and Debtwire
Fundraising data for the report was taken from Debtwire's Funds Data platform and deal level data was taken from Debtwire Par. If you are interested in taking a trial with either platform, please contact will.brayshaw@acuris.com
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