North America

Churchill Asset Management: A lending revival

Both senior lending and junior capital dealflow are poised for a significant resurgence as uncertainty eases and M&A activity returns, say Churchill Asset Management’s Derek Fricke and Jill White.

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This article is sponsored by Churchill Asset Management

How would you characterise the state of the direct lending market as it relates to senior lending and junior capital?

Jill White, Churchill Asset Management
Jill White

Jill White: From a senior lending perspective, we expect to see a strong pick-up in M&A activity as GPs come under increasing pressure to generate distributions for LPs.