Growth Opportunities: Hybrid Capital and Investment Grade Private Credit in Europe

The most exciting growth areas are identified as hybrid capital solutions — sitting between performing credit and private equity — and investment grade private credit for large European corporates. The latter is described as an almost untapped market, directly aligned with Europe's enormous capital needs for energy security, infrastructure, and defence. The conversation closes with a measured outlook on leveraged loan supply, affirming that both direct lending and BSL markets have durable, complementary roles.