European private debt fast catching up with US

Accordingly to new research by Swiss bank UBS, alternative direct lending in Europe is catching up to the US market with a strong focus on senior debt.

Direct lending activity and fundraising from non-bank firms is increasing in Europe and “playing catch up” to the US direct lending market, according to newly published research from UBS Wealth Management’s chief investment office.

“Europe is catching up so fast, it’s quite unusual,” said Cyril Demaria, executive director and private market analyst within the Swiss bank’s wealth management unit.