Loan Note: Healthy signs for US direct lending; Europe’s BSL market revival

Encouraging data for US direct lending; refinancings drive a revived broadly syndicated loan market in Europe; and LPs not as negative as you might think on NAV loans.

They said it

“In spite of the macroeconomic environment, Europe’s private equity-backed companies have been financially strong for many quarters” 

Richard Olson, managing director of Lincoln International’s European Valuations and Opinions Group, commenting on the firm’s Q1 European Valuation Insights report.

First look

US direct lending going strong

A key measure of the US direct lending market indicated both strong performance and a low level of losses in the first quarter of this year.

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