Resilience is very much the watchword in private debt these days. Europe is no exception. Three sectors accounted for nearly 60 percent of all the private credit transactions that took place in Europe in Q2 2022, as debt funds concentrated their efforts around more stable sectors. In all, there were 89 software, healthcare and business services deals transacted out of a total deal volume of 153 in Q2, with technology, media and telecoms once again the busiest sector overall.
The search for stability
European debt activity is consolidating around non-cyclical sectors, as lenders seek out stable revenues.
