Coronavirus was top of the agenda with four private debt experts this summer. Although there are bound to be some casualties, everyone agreed that private debt is well-placed to emerge strongly from this most unpredictable set of events.
As the continent's private debt market continues to mature, investors are looking to capture opportunity and manage challenges. But how can the industry weather the next downturn when it finally arrives?
The mid-market continues to attract private debt investors as the Federal Reserve cuts interest rates. Could this provide more juice to the economy and fuel a red-hot deal market, or are we nearing the end of the credit cycle?
Has the European private debt market had it too good for too long? There are no signs of panic, but nerves are jangling as loose structuring, leverage, competition and political volatility compete to be the asset class’s chief bogeyman.
Competition is tough and deal terms are raising eyebrows. But Europe's private debt professionals are also seeing opportunity in specialisation, regulation and the growth of markets outside the besieged UK.