Direct Lenders May Capitalize in Wake of Brexit

Private credit fund managers are already starting to see an increase in deal flow as traditional lenders shrink their loan books; according to Cecile Mayer-Levi, co-head of private debt at Tikehau Capital SCA, “We think banks may become less active in lending to U.K. companies given concerns around the potential Brexit fallout, leaving part of the market to private debt players…This could be positive in a way, as it would open up opportunities in certain parts of the market.”; some funds are also taking advantage of assets that have become cheaper in areas that may be more effected by economic cycles. Source

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