The Blog

Musings on corporate finance, fund raising, debt capital and other matters

Is this right for my business?

The private debt market is fundamentally changing the way European corporates raise debt finance. According to industry reports, direct private financing of independent, growing mid-sized companies runs at 300-400 transactions annually (Standard & Poors LCD data service). This is just the tip of the iceberg as tracking deals with smaller companies with a ...

SME: the rise of private capital

There has been a sea change in European debt markets over the last 3 years and yet the radical restructuring in corporate finance has gone largely unnoticed by mid-sized businesses. Private debt and capital provided by non-bank fund managers is fast becoming a mainstream alternative to bank lending for European borrowers. Backed by some of ...

What is ‘Direct Lending’

Direct lending is the provision of private credit directly to small and middle market companies (SMEs) for the purpose of growth or acquisitions.

With banks reducing their supply of loans, new sources of finance have developed. For the smaller loan sizes, peer-to-peer (P2P) and new asset-backed providers have come to play a useful role. Banks ...