The UK: room for optimism but concern growing

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While dealflow remains strong, lenders are cautious as we head towards the end of the year.

Figures from Deloitte’s Alternative Lender Deal Tracker show the UK debt market is still the most active private lending space in Europe, accounting for 111 out of the 395 deals on the continent, or 28 percent, in the first half. In all, 65 percent of the UK’s private debt transactions were unitranche deals, with 26 percent being senior debt and a further 6 percent stretched senior.