Originating transactions is one of the most challenging aspects of the private credit market. Models range from private credit firms that source their own loans, to those who partner with banks and others who offer synthetic risk transactions as a way to share risk.  We will explore these origination models and others and seek to understand what different origination methods may ultimately mean for investors.  

Providing an overview of various approaches to including ESG within a private credit portfolio, our expert covers the definition and implementation of ESG strategies, practical considerations for impact investing and the significance of managing ESG-related risk. Case studies explore different risk-management methodologies and illustrate key concepts.

Private credit investors who are willing to explore off the beaten track can find many robust and resilient small-mid cap businesses in Northern Europe. Will include examples – typically located in regional (rather than capital) cities – of creditworthy companies looking to fund expansion or other activities. Additional topics for discussion will include sustainability considerations for Dutch asset allocators, exploring the parts of the European private credit market that offer the best deals, and outlining the keys to successful risk-adjusted return generation. 

As investors in a normalised interest rate environment come to appreciate the risk/return-adjusted attractions of direct lending they are increasingly seeking to understand the key issues that differentiate a successful GP from one that is less successful. Certain factors can be the difference between a GP that delivers on its marketed returns and one that does not.  What questions should investors post to GP’s in 2024 and beyond as they consider allocating to European direct lending?

New pensions regulations and a move toward more impact investing are among the factors driving increased allocation to private credit by Dutch pension funds.  Basel IV’s introduction on the first of the year is likely to increase the supply of private credit and if interest rates loosen, increased M&A activity will warrant more private loan activity. We’ll discuss the types of private credit assets pensions hold, how due diligence on managers is changing and how to assess the quality of a manager’s impact team.