Jurisdictional Differences in Opportunities and Risks in Europe

Jurisdiction is a key factor when considering opportunities and risks in Europe. The differences between jurisdictions are significant and constantly changing. For example, Brexit makes it difficult to underwrite the UK. Germany's macroeconomic situation has also changed, leading to higher risk. Historical and structural issues, such as Italian legislation, create demand for non-amortizing term loan fees. This creates opportunities for private credit investors and alternative lenders. Overall, there is no one-size-fits-all answer.