Since 2008, UK companies have found it significantly harder to raise financing through the traditional route of commercial bank loans. Direct lending has helped to plug this gap for many small, creditworthy companies in need of alternative sources of funding, and often non-bank lenders lend alongside banks.
Our direct lending team provides senior, floating debt finance directly to mid-sized UK companies. These assets typically do not have public ratings, so require that we do more credit and legal analysis than when investing in public corporate bonds.