European Direct Lending Funds

There are about 100 private direct lending funds currently raising capital with a focus on European borrowers

Volume and performance of European direct lending funds per year

Based on the most comprehensive data sources available, the following table gives an estimate of fundraising and performance results for Europe focused direct lending funds since 2009.

Please contact us if you want to discuss investment opportunities in the European direct lending market with us.

Fundraising year Number of fundings closed Total volume raised Volume raised per fund Average performance Best performing strategy
2009 16 € 9 billion € 400 million 10.5% p.a. Direct lending
2010 16 € 5 billion € 270 million 11.5% p.a. Distressed debt
2011 18 € 9 billion € 480 million 10% p.a. Direct Lending
2012 30 € 16 billion € 520 million 10% p.a. Distressed Debt
2013 36 € 14 billion € 380 million 9.5% p.a. Mezzanine
2014 51 € 20 billion € 390 million 10% p.a. Direct Lending
2015 47 € 34 billion € 720 million 11% p.a. Mezzanine
2016 53 € 26 billion € 480 million TBD NA
2017 55 € 38 billion € 700 million TBD NA
2018 42 € 30 billion € 720 million TBD NA
2019 109 (fundraising) € 54 billion (target) € 500 million (target) TBD NA
  • Hayfin

    Hayfin is one of Europe’s largest direct lending fund. Hayfin focuses on financing of large and mid-market companies with an average exposure per borrower of above € 50 million.