Content area
Full text
In the words of one high yield banker in London this week, “there has been a lot of nonsense spoken about direct lending this year, hasn’t there?”
Even as the purveyor of some of that nonsense, it is hard to disagree.
The idea that direct lenders could pick up all the deal flow diverted from the syndicated loan and high yield bond markets when they closed down was obviously never realistic. That said, the competition for...





