About this site

The Vertis Credit Observer is a monthly memorandum on the state of the UK & European Lower Mid-Market.

We write to clarify our own thinking.

We focus on the Micro:

• The covenants and the cash flows.
• The documentation and jurisdictional structuring.
• The "craft" of lending to Europe's real economy.

The Mandate

• One Memo per Month. Practical content designed to be useful.
• Proprietary Signals. Analysis derived from our live deal flow and in-house structuring expertise.
• The House View. How we are actively pricing risk and structuring protection in the most important segment of the European credit market today.

Published by the Investment Team at Vertis.