Top 10 European Private Credit Funds

ICG is a London-based global alternative asset manager with approximately £80 billion AUM, specialising in private debt, credit, and equity. Its European direct lending and mezzanine funds have been market leaders since the 1990s, deploying capital across leveraged buyouts, growth financings, and restructurings. ICG's European reach and long track record make it the benchmark European private credit institution.

Intermediate Capital Group (ICG)

Paris-based Tikehau Capital manages €44 billion across private debt, real assets, private equity, and capital markets strategies. Its European private debt platform is one of the continent's most active, providing direct loans, unitranche, and hybrid capital to mid-market companies. Tikehau's strong French and southern European origination network differentiates it from Anglo-Saxon-dominated private credit peers.

Tikehau Capital

Pemberton Asset Management is a London-based specialist European private credit manager with approximately €20 billion AUM. It focuses on senior secured direct lending to mid-market European companies, operating across the UK, Germany, France, Benelux, and the Nordics. Pemberton is backed by Legal & General and known for its disciplined underwriting and deep sector expertise in defensive industries.

Pemberton Asset Management

Hayfin Capital Management is a London-based alternative credit specialist managing approximately €25 billion across direct lending, tactical solutions, and real estate credit. It is one of Europe's largest independent private credit managers, providing flexible capital from senior debt to distressed situations. Hayfin's broad mandate and pan-European coverage allow it to deploy across market cycles.

Hayfin Capital Management

Blue Owl's European operations bring the US direct lending giant's capital and brand to the European mid-market. The platform focuses on technology-enabled and defensive businesses, providing unitranche and senior loans with flexible structures. Blue Owl's European expansion reflects the globalisation of direct lending and the deepening of US manager presence in the European private credit market.

Blue Owl Europe

Arcmont Asset Management, formerly known as Bluebay's direct lending arm, is a London-based manager specialising in European private corporate lending with over €15 billion in AUM. Acquired by Nuveen (TIAA) in 2022, Arcmont provides unitranche, senior, and junior debt to European mid-market companies. It is particularly active in the UK, DACH, and Benelux markets.

Arcmont Asset Management

Kartesia is a Brussels-based European private credit manager with approximately €6 billion AUM, specialising in direct lending and special situations across the European lower mid-market. It is one of the few European-headquartered private credit firms not based in London, with a strong continental origination network. Kartesia targets sponsor-backed and sponsor-less transactions in defensive sectors.

Kartesia

Muzinich & Co is a New York-founded, London-managed specialist corporate credit manager with approximately $80 billion AUM across public and private credit strategies. Its European private debt platform focuses on senior secured direct lending to mid-market companies in Western and Central Europe. Muzinich's hybrid public/private approach and multi-currency capability set it apart in European private credit.

Muzinich & Co

Alcentra is a London-based sub-investment grade credit specialist managing approximately $38 billion across European and US leveraged loans, high yield bonds, direct lending, and structured credit. As part of BNY Mellon Investment Management, it combines the origination capability of an independent manager with the balance sheet of a global custodian. Alcentra's European CLO and direct lending platforms are well-established in the market.

Alcentra (BNY Mellon)

ICG is a London-based global alternative asset manager with approximately £80 billion AUM, specialising in private debt, credit, and equity. Its European direct lending and mezzanine funds have been market leaders since the 1990s, deploying capital across leveraged buyouts, growth financings, and restructurings. ICG's European reach and long track record make it the benchmark European private credit institution.

Intermediate Capital Group (ICG)

Paris-based Tikehau Capital manages €44 billion across private debt, real assets, private equity, and capital markets strategies. Its European private debt platform is one of the continent's most active, providing direct loans, unitranche, and hybrid capital to mid-market companies. Tikehau's strong French and southern European origination network differentiates it from Anglo-Saxon-dominated private credit peers.

Tikehau Capital

Pemberton Asset Management is a London-based specialist European private credit manager with approximately €20 billion AUM. It focuses on senior secured direct lending to mid-market European companies, operating across the UK, Germany, France, Benelux, and the Nordics. Pemberton is backed by Legal & General and known for its disciplined underwriting and deep sector expertise in defensive industries.

Pemberton Asset Management

Hayfin Capital Management is a London-based alternative credit specialist managing approximately €25 billion across direct lending, tactical solutions, and real estate credit. It is one of Europe's largest independent private credit managers, providing flexible capital from senior debt to distressed situations. Hayfin's broad mandate and pan-European coverage allow it to deploy across market cycles.

Hayfin Capital Management

Blue Owl's European operations bring the US direct lending giant's capital and brand to the European mid-market. The platform focuses on technology-enabled and defensive businesses, providing unitranche and senior loans with flexible structures. Blue Owl's European expansion reflects the globalisation of direct lending and the deepening of US manager presence in the European private credit market.

Blue Owl Europe

Arcmont Asset Management, formerly known as Bluebay's direct lending arm, is a London-based manager specialising in European private corporate lending with over €15 billion in AUM. Acquired by Nuveen (TIAA) in 2022, Arcmont provides unitranche, senior, and junior debt to European mid-market companies. It is particularly active in the UK, DACH, and Benelux markets.

Arcmont Asset Management

Kartesia is a Brussels-based European private credit manager with approximately €6 billion AUM, specialising in direct lending and special situations across the European lower mid-market. It is one of the few European-headquartered private credit firms not based in London, with a strong continental origination network. Kartesia targets sponsor-backed and sponsor-less transactions in defensive sectors.

Kartesia

Muzinich & Co is a New York-founded, London-managed specialist corporate credit manager with approximately $80 billion AUM across public and private credit strategies. Its European private debt platform focuses on senior secured direct lending to mid-market companies in Western and Central Europe. Muzinich's hybrid public/private approach and multi-currency capability set it apart in European private credit.

Muzinich & Co

Alcentra is a London-based sub-investment grade credit specialist managing approximately $38 billion across European and US leveraged loans, high yield bonds, direct lending, and structured credit. As part of BNY Mellon Investment Management, it combines the origination capability of an independent manager with the balance sheet of a global custodian. Alcentra's European CLO and direct lending platforms are well-established in the market.

Alcentra (BNY Mellon)