Debtwire Private Credit Forum Europe 2025

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17 Jun

Institutional investor insights - Looking beyond direct lending

Institutional investors remain committed to private credit and allocations to direct lending are expected to remain strong in 2025. However, investors are becoming increasingly risk-averse, choosing to make larger allocations to fewer managers, instead opting for large, more established firms. As LPs become more familiar with the asset class, they are also looking beyond the direct lending space into more niche segments of the market, such as asset-based financing, opportunistic credit and secondaries. Our panel of top allocators will discuss issues that are top of mind during their search for meaningful alpha.

  • Why does private credit remain an investable opportunity for LPs, and how is the changing landscape of private credit impacting LPs?
  • What are some challenges and risks LPs may face when investing in the asset class, given macro-economic and political uncertainties in 2025?
  • As LPs become more selective when it comes to manager selection, will this lead to further consolidation amongst GPs in the European market?
  • What is prompting LP allocations beyond direct lending, and what are some of the most interesting strategies LPs are looking at?
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  • Speakers keyboard_arrow_down
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    Evis Progonati Managing Editor Debtwire ABS
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    Marc Smid Senior Portfolio Manager Allianz Global Investors
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    Vijay Padmanabhan Managing Director, Private Credit Cambridge Associates
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    Michael Schad Partner, Head of Coller Credit Secondaries Coller Capital
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    Francesco Castellani Tarabini Co-Portfolio Manager Indirect Private Debt Generali Asset Management
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    Nick Stockdale Partner and Head of Europe, Private Debt Infrastructure QIC

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