Private credit firms take aim at ESG for holding back financing for European defence

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Financial Times 22h ago

Private credit firms take aim at ESG for holding back financing for European defence - Financial Times

Quick Summary:

She added that investors had been asked by French officials to “accelerate change in their documentation and the bylaws of the fund, so that defence is eligible”.

Financing Europe’s defence sector has become a priority for governments, since President Donald Trump threatened to curtail US support for the continent.

Another company approaching lenders is Mehler Systems, a manufacturer of ballistic and tactical equipment used by soldiers, which borrowed from private credit specialist Barings in 2020.