Direct lending terms have compressed over the last four to five years, but have now stabilised. So does that mean this is now an area of investment without risk? Such an assumption would overlook the aggressive way in which some lenders are competing in the documentation – which places the quality of due diligence firmly centre stage, says EQT Credit partner Cyril Tergiman in our two-minute video.
WATCH: EQT’s Tergiman warns on aggressive documentation
In conversation with Cyril Tergiman, the EQT Credit partner says some direct lenders are being aggressive in documentation to win business. Watch this two-minute video.