Think outside the box
While the US market credit is the most liquid and the UK is considered the home of European direct lending, there are opportunities further a?eld

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

Move up the stack to avoid implosion
Pundit warns investors to be concerned about return of their principal – but senior loans may be a safe haven as credit yields are squeezed and high yield becomes crowded

Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon

Direct lending managers head south in search of opportunities
As Creditflux unveils a new listing that covers the size and success of European direct lenders, managers say that southern Europe offers some of the best opportunities

Direct lenders hosed with cash
The growing influx of money into European direct lending is putting pressure on yields and leverage multiples

Europeans add twist to US recipe
A simple direct lending recipe born in the US is now being given a European flavour as unitranches grow in popularity among direct lenders and borrowers

European direct lenders strike €25 million sweet spot
Many new entrants to the European direct lending market are finding that they can put assets to work by making loans in the €20 million to €30 million range

Defining the direct route
Managers agree that direct lending has created a big buzz in European credit – but they don't agree on what exactly direct lending is

Credit funds take direct action
Direct lending funds are springing up around Europe. But what do managers mean by direct lending? And what returns can their investors expect?