Filling the Gap: The Expanding Role of Direct Lenders in Europe

Private credit’s growth is a global story, not just a US one. Mark Jochims highlights key differences in the European market.

European banks are disintermediating more slowly than their US counterparts. Borrowers and sponsors also differ, and market fragmentation across jurisdictions shapes supply and demand. Jochims’ discussion also touches on how institutional investors are sizing AI exposure, identifying genuine manager differentiation, and assessing GP-level governance risk.