The march of private debt funds in Europe continues. Perhaps the most remarkable example is Germany where, four or five years ago, funds were simply not on the radar when it came to providing debt finance for the country’s leveraged buyout market. Yet the latest MidCap Monitor from investment bank GCA Altium, published this week, showed that funds now make up more than a 50 percent share.
The universe keeps expanding
Private debt funds’ share of buyout market financing has continued to climb, although they are likely to hit the ceiling eventually.
