Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseHow direct lending is adapting to a new world.
European direct lending fundraising figures plunged in Q2 2020 as COVID-19 shook the world economy. Managers raised just €2.6 billion across four funds, compared to €11.3 billion across seven in Q2 2019, according to Creditflux’s fund database. Though hardly unexpected given the circumstances, this marks a significant fall from the €21.5 billion raised in H1 2019, against €14.2 billion in H1 this year.
Fundraising for Q2 2020 was led by HPS’s European Asset Value Fund II, which held a final close on $1.5 billion (€1.38 billion). Some larger funds belatedly announced final closes towards the end of Q1, which helped prop up H1 figures; GSO European Senior Debt Fund II ($4.8 billion, or €4.44 billion) and Permira Credit Solutions IV (€3.48 billion) top the fundraising charts so far for 2020.
Despite the macroeconomic conditions, five direct lenders held first closes, a slight increase on the four held at the same time last year.
To access please sign in.An error occurred trying to play the stream. Please reload the page and try again.
Close