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Global investors are turning to European private credit
Record fundraising in 2025 has left private lenders fighting for deals
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Direct lenders cannot entirely replace syndicated debt markets -
New structure comes with a €200m privately placed second lien
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Cadbury's, Carlsberg and Hiscox among the pension funds invested
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Percentage of respondents with more than 10% of their portfolio in alternatives has rocketed
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Finances drug company's buyout by Carlyle and PAI Partners
