European private credit has become a central source of financing for the real economy, supported by tighter bank lending standards and persistent corporate funding needs. Within this universe, senior direct lending continues to stand out as a conservative strategy for investors focused on contractual income generation and downside protection.

In an environment characterised by economic uncertainty and increased dispersion across credit strategies, senior direct lending’s emphasis on seniority, security, and disciplined underwriting remains a key differentiator.

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