Driven by consolidation and regulation in the banking sector, rising private equity activity, demand from mid-size enterprises and investors seeking alternatives to low-yielding public debt instruments, direct lenders have enjoyed strong growth since the global financial crisis. Symon Drake-Brockman uses the findings of the European Direct Lending – Review and Outlook Report by Saïd Business School, Oxford University, published in February 2021, and his own perspective to explain why these tailwinds are likely to persist.
According to a new survey of 112 private credit industry professionals conducted by Katten in February, 91% of investors and 80% of lenders expect deal flow to increase this year and are optimistic about several deal categories and sectors.
Onex Corporation acquired Falcon Investment Advisors, a U.S. private credit manager. The combined platform will merge Falcon’s specialized private credit investing with the investment and origination capabilities of Onex Credit and the broader Onex franchise.