Direct lending is attracting attention from both private and institutional investors thanks to its steady performance and appealing returns. But the overall size and composition of this market is already difficult to assess, and the addition of new players could make it even harder to track the level of risk for both lenders and borrowers.
The Statement, signed by asset management divisions of five of Canada’s largest banks along with major institutional investors such as the Ontario Pension Board, calls on companies to act on material climate risks including through their industry association and lobbying activities.