Will sustainability-linked debt prosper in private credit?

European and US direct lending’s insatiable rise to relevance has so far not brought with it a push towards sustainable finance. But this year may be different, as certain private debt funds are setting out ESG blueprints for others to follow.
The bulk of private debt funds, a market that has topped $850bn globally, have not yet integrated sustainable finance structural features into the loans they make.
This may be for a number of reasons. There are fewer sustainability standards for the middle market than there are for larger, ...Already a subscriber? Login
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