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Continental European Half Year Activity & Outlook – Private Credit: Views From the Ground

Our continental European offices discuss the activity they saw across the credit spectrum in the first half of 2025 and their outlook for the rest of the year across the region. Read more at the download below.

Continental European Half Year Activity & Outlook – Private Credit: Views From the Ground
Our continental European offices discuss the activity they saw across the credit spectrum in the first half of 2025 and their outlook for the rest of the year across the region. Read more at the download below.

Continental European Half Year Activity & Outlook – Private Credit: Views From the Ground
Our continental European offices discuss the activity they saw across the credit spectrum in the first half of 2025 and their outlook for the rest of the year across the region. Read more at the download below.
Continental European Half Year Activity & Outlook – Private Credit: Views From the Ground
Our continental European offices discuss the activity they saw across the credit spectrum in the first half of 2025 and their outlook for the rest of the year across the region. Read more at the download below.

Josh Shipley, Executive Managing Director and Head of Private Credit for Europe comments; "The first half of the year saw varied activity across strategies and regions, with some notable transactions across corporate financing, direct lending, and infrastructure.

Borrowers and sponsors are navigating a complex environment shaped by geopolitical tensions, inflation, and shifting supply chains. There’s growing interest for local-for-local production models, diversified funding sources, and long-term partnerships with non-bank lenders."

KEY TAKEAWAYS

1
GLOBAL MACRO
SHAPING OUTLOOK
Tariffs, inflation, and regional dynamics are key factors, causing corporates and sponsors to proceed with new opportunities cautiously
2
SHIFT
TOWARDS RESILIENCE
Local production models to mitigate supply chain risks and diversified funding sources are key for businesses in the current environment
3
OPPORTUNITIES IN INFRASTRUCTURE
Aging traditional infrastructure, the green energy transition, and growing demand for digital infrastructure offers an opportunity to provide essential financing

CASE STUDIES


‍

"Our longstanding relationship with Mersen is a testament to the strength of our partnership-driven approach. We’re proud to have supported them in this strategic refinancing and to provide the flexible, Euro-denominated capital they needed to advance their 2029 strategic plan."

Jennifer O'Neill Mardokh, Senior Principal, Belgium and France regions.

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Meet the Teams

Joshua Shipley headshot
Joshua Shipley
Managing Director
Max Boury headshot
Max Boury
Senior Director
Jennifer O’Neill-Mardokh headshot
Jennifer O’Neill-Mardokh
Executive Director
Florian Seifert headshot
Florian Seifert
Senior Director
Thomas Krausser headshot
Thomas Krausser
Executive Director
Jose Ortiz headshot
Jose Ortiz
Executive Director
Francesco Ascoli headshot
Francesco Ascoli
Managing Director
July 30, 2025
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