The unprecedented trends of 2020 continue to inspire investors, especially in the direct lending space in Europe where banking consolidation and regulations have pushed the opportunity for lending into historic levels.
Specifically, September and October represented the biggest pipeline of leveraged loan deals in Pemberton’s six-year history. Helping matters is that default rates as of last month were running about 50% of that of the U.S., according to Simon Drake-Brockman, founder and managing partner at Pemberton, which is among the largest European private credit platforms, backed by Legal & General Group Plc. . . .
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