Will Europe Direct Lending Activity Outpace North America?
Direct lending is a relatively young strategy, but has gained traction in the past five years or so, quickly becoming one of the more dominant private debt fund types. As with the larger private debt universe, North America and Europe account for the majority of direct lending activity, with North America seeing the largest number of fund closures and the most capital raised of any region. However, 2018 has seen Europe direct lending activity squeaking past North America’s.