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New research with private credit executives shows they expect competition in the sector to increase across Europe and in their own region, with covenant headroom rated as the most important competitive factor.
The study from Nordic Trustee, part of global capital markets services provider Ocorian, with private credit executives across the UK Ireland, Germany, Switzerland, Benelux, the Nordics and Eastern Europe found 28% say the European direct lending market is currently highly competitive.
More than two-thirds (65%) questioned believe the market is only moderately competitive while 7% say competition in the sector is limited, the study with professionals working across private credit and debt fund management, private equity and large...
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