Taking the Credit highlights our observations on the issues affecting the European private credit market. Find out more about 9fin for private credit.

This week, lenders and LPs gathered en masse in Berlin for SuperReturn International – aka the Coachella of private credit, as a US lender dubbed it on Wednesday evening (after surviving a previous Tuesday night consisting of five parties in a row).

By Thursday morning talks were less about the widely anticipated ECB’s interest rates cut and more about who had managed to sneak into US rapper Flo Rida’s very private concert the previous night.

“Mamma mia here we go again!” as this year’s celebrity guest Abba singer Björn Ulvaeus would put it. But does the credit community really have reasons to celebrate?

If you listen to market players — mostly in fundraising efforts and at their most cheerful in front of LPs — there is a lot to be positive about. But then, it depends where and what you are looking at.