John Lenz – Caravel Search

𝗧𝗵𝗲 𝘁𝗿𝘂𝘁𝗵 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗼𝗿 𝘀𝗵𝗼𝗿𝘁𝗮𝗴𝗲 𝗶𝗻 𝗨𝗞 𝗯𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗲

There’s a common complaint across UK bridging and short-term lending: “𝘞𝘦 𝘤𝘢𝘯’𝘵 𝘧𝘪𝘯𝘥 𝘨𝘰𝘰𝘥 𝘰𝘳𝘪𝘨𝘪𝘯𝘢𝘵𝘰𝘳𝘴.” That’s true — but not for the reasons people often think. The issue isn’t dealmakers. It’s a shortage of 𝗽𝗼𝗹𝗶𝘀𝗵𝗲𝗱, 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝗮𝗹, 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝘁𝗿𝗮𝗶𝗻𝗲𝗱 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗼𝗿𝘀 — and that gap has widened as the market has grown. 𝗚𝗿𝗼𝘄𝘁𝗵 𝗵𝗮𝘀 𝗼𝘂𝘁𝗽𝗮𝗰𝗲𝗱 𝘁𝗵𝗲 𝘁𝗮𝗹𝗲𝗻𝘁… Continue reading 𝗧𝗵𝗲 𝘁𝗿𝘂𝘁𝗵 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗼𝗿 𝘀𝗵𝗼𝗿𝘁𝗮𝗴𝗲 𝗶𝗻 𝗨𝗞 𝗯𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗲

𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗗𝗲𝗯𝘁 & 𝗘𝗾𝘂𝗶𝘁𝘆 𝗛𝗶𝗿𝗶𝗻𝗴 | 𝟮𝟬𝟮𝟲

At this point in the year, we tend to have a lot of conversations with clients and candidates asking the same question: how are we seeing the market shape up for the year ahead? I can’t take every call, so a short summary of what we’re seeing on the ground felt useful. 𝗟𝗲𝗻𝗱𝗶𝗻𝗴 𝗹𝗲𝗮𝗱𝘀 𝘁𝗵𝗲… Continue reading 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗗𝗲𝗯𝘁 & 𝗘𝗾𝘂𝗶𝘁𝘆 𝗛𝗶𝗿𝗶𝗻𝗴 | 𝟮𝟬𝟮𝟲

𝗪𝗵𝘆 𝗱𝗲𝗯𝘁 𝗵𝗶𝗿𝗶𝗻𝗴 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗼𝘂𝘁𝗽𝗮𝗰𝗶𝗻𝗴 𝗲𝗾𝘂𝗶𝘁𝘆 𝗵𝗶𝗿𝗶𝗻𝗴 𝗶𝗻 𝟮𝟬𝟮𝟲 — 𝗮𝗻𝗱 𝘄𝗵𝘆 𝘁𝗵𝗲 𝗨𝗦 𝗮𝗻𝗱 𝗘𝘂𝗿𝗼𝗽𝗲 𝗮𝗿𝗲 “𝘀𝗮𝗺𝗲 𝘀𝗮𝗺𝗲, 𝗯𝘂𝘁 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁”

Despite muted transaction volumes, debt teams continue to hire while equity investors remain cautious. The reason is simple: 𝗱𝗲𝗯𝘁 𝗱𝗼𝗲𝘀𝗻’𝘁 𝗿𝗲𝗾𝘂𝗶𝗿𝗲 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗹𝗲𝘃𝗲𝗹 𝗼𝗳 𝗽𝗿𝗶𝗰𝗲 𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 𝘁𝗵𝗮𝘁 𝗲𝗾𝘂𝗶𝘁𝘆 𝗱𝗼𝗲𝘀. That logic holds on both sides of the Atlantic — though it plays out slightly differently. 𝗘𝘂𝗿𝗼𝗽𝗲 & 𝘁𝗵𝗲 𝗨𝗞: 𝗵𝗶𝗿𝗶𝗻𝗴 𝗱𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗻𝗲𝗰𝗲𝘀𝘀𝗶𝘁𝘆 In… Continue reading 𝗪𝗵𝘆 𝗱𝗲𝗯𝘁 𝗵𝗶𝗿𝗶𝗻𝗴 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗼𝘂𝘁𝗽𝗮𝗰𝗶𝗻𝗴 𝗲𝗾𝘂𝗶𝘁𝘆 𝗵𝗶𝗿𝗶𝗻𝗴 𝗶𝗻 𝟮𝟬𝟮𝟲 — 𝗮𝗻𝗱 𝘄𝗵𝘆 𝘁𝗵𝗲 𝗨𝗦 𝗮𝗻𝗱 𝗘𝘂𝗿𝗼𝗽𝗲 𝗮𝗿𝗲 “𝘀𝗮𝗺𝗲 𝘀𝗮𝗺𝗲, 𝗯𝘂𝘁 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁”

Insight: The European Debt Market’s Blind Spot — Restructuring Capability Becoming Increasingly Essential

Over the last decade, Europe’s real estate lending landscape has evolved quickly. Mainstream banks, private credit funds and challenger banks have all grown their lending franchises, often with strong underwriting discipline and well-managed risk frameworks. But the current cycle is bringing a new challenge that very few lenders — across the entire spectrum — have… Continue reading Insight: The European Debt Market’s Blind Spot — Restructuring Capability Becoming Increasingly Essential

Insight: Europe Is Becoming One Real Estate Market — And Hiring Is Changing With It

For years, investors talked about “European real estate” as if it were a collection of disconnected national markets. Understandably, as real estate at a granular level always has been, local. Today, that separation is fading fast. Capital, strategies and talent now move across the continent in a way that makes Europe feel closer to one… Continue reading Insight: Europe Is Becoming One Real Estate Market — And Hiring Is Changing With It