Stress before distress: opportunities in the European mid-market

Entering 2024, central banks have seemingly pulled off the unthinkable, an immaculate rate hiking cycle that has left global growth supported, interest rates higher and jobs largely intact. It’s a little early to call victory and the end of the story, however, it is clear the much lauded ‘once in a generation’ default cycle is not quite what people expected.

So, where does this put the outlook for stress and defaults, particularly within the European mid-market space, and why should it matter to investors?

In our latest whitepaper, we look at the forces affecting speculative grade lending including:

• The evolution of the market
• The current borrowing environment
• Macro headwinds
• The timely opportunity set this offers to investors

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