Turning the corner: The outlook for UK private debt

Podcast

November 18, 2024

UK private debt faced considerable uncertainty in early 2024: uncertainty over interest rates; uncertainty on sponsor-driven M&A; and political uncertainty ahead of the general election.

But with the Bank of England cutting rates, a clear outcome in the election and signs of life in M&A, activity is starting to recover.

In the latest episode of the Muzinich podcast, our co-heads of UK private debt, Grant Davidson and John Clifford, give their thoughts on the state of the market and where it might go next, including:

  • The relative resilience of the lower-middle market
  • Why buy-and-build transactions have been a bright spot in M&A-related lending
  • What falling interest rates could mean for deal volumes in 2025.

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