Craig Nicol
Managing Director, Head of Global Credit Strategy
Jacob Walton
Portfolio Manager, Co-Head of European CLOs
Ludovic Walter
Portfolio Manager, Co-Head of European CLOs
Executive Summary
Europe is often dismissed for its sluggish growth, political fragmentation, and regulatory inconsistency — a narrative that has reinforced its position as a secondary player in the global investment hierarchy.
But policy momentum is building, from the EU’s Readiness 2030 defence strategy to Mario Draghi’s competitiveness agenda, signalling a region actively courting capital to drive energy security, technological advancement, and market integration.
At its core, our view is simple:
Our thesis rests not on forecasting a probability of success for Europe, but on our belief that Europe needs capital now and for years to come — and that need for capital, met with structural complexity, creates opportunity.
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