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There is currently no bank debt available. There is some (expensive) direct lender debt available for certain companies. The GBP has significantly weakened so non-hedged USD/EUR denominated funds have significant write downs on their UK assets vs. a few week ago. The only transactions I can see happening are USD denominated funds with P2P appetite for high quality assets. Some sponsors might take the time to prep exits (with uncertain launch dates). All-in-all deal flow will significantly slow down for the next quarters
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