Across Europe, there has been a pressing need for private debt to compensate for restrictions on bank lending following the global financial crisis. No country has risen to this challenge more impressively than the UK, which, according to Deloitte’s Alternative Lender Deal Tracker, has accounted for 30-40 percent of the total European direct lending market in recent years.
Spare a thought for small business
In many parts of the UK private debt market Brexit negotiations are causing little alarm, but there is scant focus on where the biggest problem lies.
