Private Credit

European Private Credit: Views From the Ground - Mid-Year 2026

July 1, 2026

 

Josh Shipley, Managing Director and Head of European Private Credit, shares his thoughts on activity in 2026 so far, and his perspective for the rest of the year:

European Private Credit: Views From the Ground - Mid-Year 2026

Josh Shipley, Managing Director and Head of European Private Credit, shares his thoughts on activity in 2026 so far, and his perspective for the rest of the year:

"Across the region, businesses continue to demonstrate resilience. Despite headwinds arising from geopolitical tensions, inflationary pressures and supply chain disruptions, companies have largely been able to adapt, adjusting operating models and passing through costs where possible, while maintaining a focus on stability and long-term growth.

Looking ahead, while visibility on pipelines may be less predictable than in previous years, underlying financing demand remains intact, supported by refinancing needs, capex investment and growing demand for private markets as a source of alternative capital. Overall, we remain cautiously optimistic, supported by our ability to tailor flexible capital solutions to companies’ individual needs and to deploy capital across sectors, strategies and market conditions."

 

KEY TAKEAWAYS

1

OPPORTUNITY IN COMPLEXITY

Despite a more complex macro backdrop, companies are continuing to invest, refinance, and pursue strategic
opportunities

2

IMPACT ON ENERGY

With energy prices likely to remain high in the coming months, companies must factor in the potential impact this could have on inflation, logistics costs, and more

3

BROADER, FLEXIBLE FUNDING

Companies are expanding funding sources, structures, and maturities to adapt to evolving market conditions and
financing needs

CASE STUDIES

Meet the Teams

Joshua Shipley, CFA
Joshua Shipley, CFA

Managing Director, Europe & UK Corporate Finance

Francesco Ascoli
Francesco Ascoli

Managing Director, Europe & Uk Corporate Finance

Ed Jolly
Ed Jolly

Managing Director, Europe & UK Corporate Finance

Thomas Krausser
Thomas Krausser

Executive Director, Europe & UK Corporate Finance

Jennifer O’Neill-Mardokh
Jennifer O’Neill-Mardokh

Executive Director, Europe & UK Corporate Finance

Jose Ortiz
Jose Ortiz

Executive Director, Europe & UK Corporate FInance

Max Boury
Max Boury

Senior Director, Europe & UK Corporate Finance

Florian Seifert, CFA
Florian Seifert, CFA

Senior Director, Europe & UK Corporate Finance