Private debt funds in France in 2019

Private debt funds in France in 2019

Studies

The market for private debt funds in France in 2019

The market for private debt funds in France in 2019

  • €4.2 billion raised by French member funds of France Invest (up 18% on 2018)
  • €7.7 billion invested (up 8% on 2018) in 178 deals (up 16% on 2018)
  • France, second largest European market for corporate financing with private debt

 

France Invest (Association of Investors for Growth) and Deloitte are pleased to present the third edition of their report on debt funds active in France in 2019.

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These funds are the members of the France Invest Private Debt Commission and international establishments with a team specialising in private debt or a representative office in France. 86% of the 37 establishments surveyed responded to the study.

The increase recorded in 2019 confirms the growing share of private debt in the financing methods offered to companies and equity investors. Private debt is an alternative and supplemental financing solution to bank debt.

Cécile Mayer-Levi, Chairwoman of the France Invest Private Debt Committee: “The market for private debt funds active in France continued to grow in 2019, both in terms of the amounts raised and the amounts invested and the number of deals completed. That makes France once again the second largest private debt market in Europe. The Covid-19 crisis triggered a significant and urgent need for companies to preserve their cash flow. Private debt funds helped the companies they finance by urgently responding to their requests for assistance, which involved deferring coupon payments or revising certain terms, particularly ones relating to their commitments. Private debt funds have shown their agility and flexibility, underpinning their key role in corporate financing.”