<\/p>\n
Direct lending activity in Europe reached an all-time high in the second quarter of the year, with Ares Management becoming the most active investor over the period, according to Debtwire.<\/p>\n
A number of large-ticket deals pushed the volumes up to \u20ac36.7bn over the period, across 305 deals, up 89 per cent and 17 per cent, respectively, from the first quarter.<\/p>\n
These included the \u20ac6.5bn refinancing of Adevinta\u2019s unitranche loan, and Constellation Automotive\u2019s refinancing of its \u00a31.8bn debt.<\/p>\n
Healthcare saw the most deals in the second quarter, accounting for around \u20ac3bn of volumes, followed by financial institutions at \u20ac2.9bn.<\/p>\n
Ares, Blackstone Credit and Goldman Sachs were the top three lenders over the first half of the year, registering a total of 65 deals, not including add-on deals. When including add-on deals, the three were still top of the chart with a total 112 deals, although Goldman Sachs came in second and Blackstone third.<\/p>\n
Ares previously topped the direct lender rankings in 2024 and 2023.<\/p>\n
During the first half, UK and Ireland registered 179 deals, followed by France with 100 deals and DACH with 91 deals. The rest of Europe saw a total of 197 deals over the period.<\/p>\n
Although direct lenders seem to have gained some ground versus the institutional loan and high-yield bond markets, these continued to see a higher volume of issuance at \u20ac98bn in the second quarter.<\/p>\n
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Direct lending activity in Europe reached an all-time high in the second quarter of the year, with Ares Management becoming the most active investor over the period, according to Debtwire. A number of large-ticket deals pushed the volumes up to \u20ac36.7bn over the period, across 305 deals, up 89 per cent and 17 per cent, […]<\/p>\n","protected":false},"author":1,"featured_media":4718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Ares-2-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Ares-2-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Ares-2-300x195.webp",300,195,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Ares-2.webp",1321,859,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4717"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4717\/revisions"}],"predecessor-version":[{"id":4719,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4717\/revisions\/4719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4718"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}