US direct lending

2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Oct 12, 2020 by Mathieu Chabran · across every show →

Everything said about US direct lending, oldest first

Oct 12, 2020 bearish
Assertion Not checkable as stated
Chabran: European direct lending expansion deteriorated structures and collateral packages
“Direct lending in Europe has been lagging relative to the U S in terms of development. And then it picked up over the past few years. And then we starting seeing some very deteriorated, structure, collateral package, security package, leverage pricing.”
Mathieu Chabran Oct 12, 2020 ▶ 43:40 Mathieu Chabran – Good Deals Have No Wheels at Tikehau Capital (First Meeting, EP.23)
Jul 24, 2023 positive
Assertion Supported
Ares US Direct Lending Netted 12% to 13% Over 20 Years
“Our US direct lending business, I can show someone a hundred plus billion dollar track record over 20 years through market cycles that's generated a net 12 or 13.”
Kipp deVeer Jul 24, 2023 ▶ 20:05 Kipp deVeer – The World of Private Credit at Ares (EP.329)
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