Europeans play catch up as banks explore direct lending CLOs

Europe has long lagged the US’s mid-market infrastructure, but now banks and fund managers are looking to bridge the gap

With interest rates and credit yields at all-time lows in Europe, the continent’s banks and direct lenders are having to get creative to boost their funds’ returns. Over the past couple of years, European direct lending managers have increasingly begun to take on fund-level leverage as a combination of heated