Macquarie Opens European Direct Lending Strategy Up to Investors

Macquarie Group Ltd.is looking to bring investors into a European direct lending platform in a bid to grab a bigger slice of the $1.6 trillion world of private credit.

While the Australian bank has a lengthy track record in direct lending, its investments have largely come from its balance sheet. The initiative will involve combining that with new investors at a ratio of four to one, said Patrick Ottersbach, head of EMEA private credit at Macquarie Capital, in an interview with Bloomberg.

The platform is looking to raise around €5 billion ($5.4 billion) in coming years, people with ...