Demand for private debt in Europe has exceeded other regions in recent months. Bouncing back after a weaker Q2, in Q3 2019 Europe-focused private debt funds secured a total of $14bn, significantly outpacing North America ($6.5bn), Asia ($1.5bn) and the rest of the world ($0.1bn), according to Preqin data. And with half of active private debt investors targeting the continent over the next 12 months – vs. 41% targeting the US for example – Europe dominates other parts of the world.
But what is the outlook for the private debt market as the European economy weakens further? How are top-tier firms preparing for a downturn? What risks and opportunities lie ahead? For an industry expert’s point of view, we spoke to Daniel Heine, co-founder of Switzerland-based alternative investment firm Patrimonium and Managing Director of its Private Debt business.
Daniel Heine speaks to Preqin, the leading information source for alternative asset managers.