Pemberton Outlook 2025

  • 30th January 2025

We believe the outlook for European Direct Lending in 2025 is positive.

Lower European base rates are expected to support M&A activity, reduce borrowing costs, and drive default rates towards historic lows. This backdrop continues to fuel the systemic transition from traditional bank lending to long-term asset managers backed by pension funds and insurance capital.

At Pemberton, we anticipate another year of growth as the European Direct Lending market further expands, creating compelling opportunities in private credit.
Explore the full analysis in Pemberton’s 2025 Outlook below.

Download Pemberton Outlook 2025

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