Claire Coe Smith
Inflationary pressures and higher interest rates are expected to drive broad-based distressed activity in coming months, even in sectors regarded as safe havens.
Western GPs are honing in on the region and looking to open offices in Warsaw.
This fast-growing region presents strong direct lending opportunities.
Private debt is moving beyond pure sponsor-driven M&A in Europe as financing options continue to grow.
The country is now the most active private debt market in Europe.
The denominator effect combined with a need for liquidity has delivered a boost to the nascent credit secondaries market.
Banks remain strong in Scandinavia, so debt funds are having to learn to compete on their own terms.
Private funds are taking a larger share from banks as deal volumes grow.
The German market held up well in 2022, but 2023 could prove more challenging.
The UK has dropped behind France for the first time in terms of deals.