Private Lenders in Europe Want In on the ‘Sell America’ Movement
Next to the unpredictability of US policy, the EU’s deliberative approach and strong institutions are a source of reassurance to fund managers.
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They’ve long been a second thought in the US-dominated world of private credit, but fund managers in Europe are now getting a spike in interest from global LPs — and they’re eager to grab a piece of the “Sell America” movement.
Limited partners, the investors at the top of the private credit investment chain, are turning to the region as a way to hedge volatility in their US assets. It’s part of a wider shift in allocations away from American investments at the center of trade wars and into Europe, which is less exposed.