PDI Picks – 6/18/2018

Trending European

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Senior debt is finding a home in a rapidly maturing private credit market.

All eyes have turned to Europe for senior debt fundraising with the bulk of funds investing at the top of the capital structure targeting the continent.

Of the $78.63 billion credit managers are seeking for senior funds, some $39.15 billion will invest in the region. This surpasses the $33.14 billion of North America-centric and global vehicles combined. While North America remains the world’s most mature private credit market, investors clearly have an appetite for Europe.