Pemberton Asset Management

The momentum seen at the end of H1 translated into a strong Q3, making it our most active quarter of 2026. New opportunities also accelerated into September, in line with the broader market and supported by a pick-up in M&A alongside refinancing activity. Our latest European Mid-Market Monitor looks at where that activity sits. We also take a closer look at the Business Services sector and turn our regional spotlight to the Nordics. Access the latest insights: https://lnkd.in/d3D5Ecm6

Macro headwinds haven’t appeared to have slowed the European mid-market. Growth remains healthy, according to our portfolio analysis, and the pipeline is setting the stage for a positive Q4. Our Q3 European Mid-Market Monitor looks at deal activity and sector performance, with a spotlight on Business Services and the Nordic opportunity. Read the report: https://lnkd.in/d3D5Ecm6

Q3 was our most active direct lending quarter of 2026 and our busiest third quarter in several years. The momentum seen at the end of H1 translated into strong deal flow, and new opportunities accelerated into September as transactions started ahead of year-end. That pick-up was in line with the broader market, supported by M&A alongside refinancing activity, and came against a challenging macro and geopolitical backdrop. Our latest European Mid-Market Monitor looks at where that activity sits. We also take a closer look at the Business Services sector and turn our regional spotlight to the Nordics. Access the latest insights: https://lnkd.in/d3D5Ecm6

When exploring a strategic NAV or GP financing, working with a trusted partner who can safeguard your data and intellectual property is paramount. Contact us to have a conversation with the team: https://lnkd.in/djMb38si

When exploring a strategic NAV or GP financing, working with a trusted partner who can safeguard your data and intellectual property is paramount. Contact us to have a conversation with the team: https://lnkd.in/dj6ssa5e

Markets move. Trade doesn’t stop. Whatever the macro backdrop, companies still need to pay suppliers, move goods and get paid by customers. Working capital finance funds that activity for 150,000+ large and mid-cap corporates across Europe and North America, within a trillion-dollar global market. For institutional investors, we believe that makes it one of the more compelling asset classes today. Facilities typically repay within 90 days, are self-liquidating, and often perform super-senior in practice. The asset class has held up through repeated market shocks. Our paper, ‘Back to Fundamentals’, sets out the structural characteristics behind that resilience and why demand is rising among both borrowers and investors. Read the paper here: https://lnkd.in/dNij8nxH