About the Event
KBRA DLD's Breakfast Briefing: Unpacking Trends in European Private Credit
18 November, 2026 | 08:15 - 11:30 GMT
London, UK
Join KBRA DLD in London on Wednesday, 18 November, for our annual briefing on the state of European direct lending. Featured speakers will link macro factors affecting the market, offer key data points on deals and defaults, dig into constraints on M&A, and provide outlooks on the types of transactions shaping the forward pipeline.
Where
The Connaught Hotel
Carlos Pl, London W1K 2AL, United Kingdom
*RSVP by 11 November, 2026.
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Agenda
08:15-09:00 GMT
Registration & Networking Breakfast
09:00-09:10 GMT
Opening Remarks
Kelly Thompson, Founder and Managing Director, KBRA DLD
09:10-09:25 GMT
Macro Presentation
Presenter: Gordon Kerr, European Macro Strategist, KBRA
09:25-09:45 GMT
Insights & Analysis
KBRA DLD’s senior research analysts examine what third-quarter data reveals about the European direct lending market heading into the close of 2026 and beyond. The discussion will look under the hood of pricing and deal terms, and the evolution of stress within the market.
Speakers:
- Ioana Barza, Managing Director, Global Head of Research, KBRA DLD
- Dave Puchowski, Director of Research, KBRA DLD
- Eric Rosenthal, Senior Director, Head of Default Research, KBRA DLD
09:45-10:30 GMT
Panel Discussion: Pressure, Opportunity and the Path Ahead
Our panel of experts will examine the forces shaping European direct lending—from constrained deployment and uncertainty around software to rising portfolio stress—and assess the opportunities and risks heading into 2027.
- Rachel McGovern, Managing Director, KBRA DLD (Moderator)
- Bouk van Geloven, Managing Director and Co-Head of the European Investment Team, SVP Strategic Value Partners
- François Lacoste, Managing Partner, Private Debt, Eurazeo
10:30-10:35 GMT
Closing Remarks
Kelly Thompson, Founder and Managing Director, KBRA DLD
10:35-11:30 GMT
Networking Reception
Speakers
Kelly Thompson
Founder and Managing Director
KBRA DLD
KBRA Analytics
Rachel McGovern
Managing Director
KBRA DLD
KBRA Analytics
Ioana Barza
Managing Director, Global Head of Research
KBRA DLD
KBRA Analytics
Eric Rosenthal
Senior Director, Head of Default Research
KBRA DLD
KBRA Analytics
Dave Puchowski
Director of Research
KBRA DLD
KBRA Analytics
Gordon Kerr
European Macro Strategist
KBRA
François Lacoste
Managing Partner, Private Debt
Eurazeo
Bouk van Geloven
Co-Head of European Investment Team
SVP Global
Mark Wilton
Head of European Investments
Corinthia Global Management
Contact KBRA DLD
Niki Masino
Senior Director
+1 646-731-1387
niki.masino@kbra.com
Sergey Atliyev
Associate Director
+44 20 8148 1086
sergey.atliyev@kbra.com
KBRA DLD's Breakfast Briefing: Unpacking Trends in European Private Credit
18 November, 2026 | London, UK
KBRA operates as an integrated platform of complementary businesses: KBRA Ratings, a full-service credit rating agency; and KBRA Analytics, a provider of financial data and market intelligence. Our offerings include KBRA Premium, providing subscribers full access to market-leading ratings, deep research and analytical tools; KBRA Direct Lending Deals (DLD), a dedicated source of news and analysis for originators and investors in the private credit market; KBRA Credit Profile (KCP) and other analytical services designed to deepen insight into credit trends, performance and risk dynamics. Collectively referred to as KBRA, these businesses support market participants with insights, credit opinions, and analytical tools to help them navigate evolving financial landscapes. Founded in 2010, KBRA was established to restore trust in credit ratings following the global financial crisis. We have since expanded our reach across asset classes and geographies while remaining grounded in our core values.
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