Reinforcements needed for deals frontline
Private debt transactions are plentiful, but are European fund managers biting off more than they can chew?
In last week’s Lead Left, we reflected on our US Report, which accompanied the September 2021 issue of Private Debt Investor, in which Paul Hastings partner William Brady told us that the market was “white hot and hotter than it was pre-covid”.
In much of last week’s column, we reflected on the buoyant fundraising market amid strong signs that investors are feeling optimistic about the asset class’s prospects. But perhaps even clearer evidence is available when you take a look at the deals market (see chart above).