Europe’s Direct Lenders’ 2021 Prospects Depend on Damage Control
- Unwinding of government aid programs will reveal more losses
- Stronger private credit firms seek to gather funds, seal deals
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The ability of Europe’s non-bank lenders to build on their gains in 2021 will depend on how well they manage the damage done to their credit portfolios by the coronavirus pandemic.
With expectations for economic recovery buoyed by progress on mass vaccination programs, the prospects for private credit firms looks rosy -- as long as they’ve done their homework on risk control, said Robin Doumar, who founded Park Square Capital LLP in 2004.