Europe's So Hot Right Now? Like, Totally...

Feeling *Europic* Might Delete Later

Okay dolls so I heard from like *everyone* at SuperReturn in Berlin that Europe is like totally trending right now. Can you even? Last year it was all 'blah' about Europe but now it's like 'OMG Europe's growing up!' Apparently interest rates are dropping and Germany's got this like HUGE piggy bank—500 billion euros no biggie. It's like Europe is finally taking control of its own destiny. And you know what I always say: 'realizing stuff' is the first step. Am I right or am I right?

American Drama? I'm Good Luv Enjoy

So President Trump is making waves stateside. Like always. Everyone's all stressed about political stability. But like increased political stability in France Germany and the U.K. means 'shifting money into Europe is certainly not a bad bet.' People in boardrooms are shook and being cautious in decision making. But when you're a long term investor you need to invest through cycles... Things will calm down issues around tariffs will subside over time and we'll get back to equilibrium.

No New Friends... Unless You're European Capital

Okay so even though some investors are still like 'meh' about Europe everyone's building up their teams over there. Like everyone wants a piece of that European pie and I am SO here for it! They’re saying there hasn't been a shift in capital from the U.S. only at the edges or home buyers. But when you're a long term investor you need to invest through cycles... Things will calm down issues around tariffs will subside over time and we'll get back to equilibrium.

Digital Defense is SO Fetch!

Like what's hot in Europe right now? Oh you know just the usual: data centers energy efficiency and...wait for it...DEFENSE. I know right? Who would have thought? Apparently it's a 'sensitive but interesting area.' Which is like a total understatement. As Ivano Sessa said 'We like to invest in pockets of growth in Europe.' PREACH! Defense sounds important in Europe and it is cool that there is 'risk adjusted growth potential and visibility' that is "very unique."

Is That a Valuation Gap I See? ??

So apparently European assets are like way cheaper than the US ones. Like what?! Since 2008 there is a valuation gap which is like a big deal. Julian Salisbury noted the yawning valuation gap in European assets versus their U.S. counterparts since 2008 along with the desire among many growth oriented European companies to list in the U.S. or be taken private from the public markets. Basically you can get great businesses at a steal. I am here for investing at lower valuations.

Complexity? I Don't Know Her.

Okay but like there are some issues. You can't just waltz into Europe and expect everything to be easy peasy lemon squeezy. According to James Reynolds 'The barriers to entry and the barriers to compete in Europe we find are a bit higher than maybe anywhere else you're getting paid for complexity.' Okay so like maybe I need to brush up on my European geography like ASAP. Origination is a scarce commodity here and so a lot of the capital is not getting access to the deals.