Distressed Debt

Biggest challenge one: Uncertainty

Private debt has had to prove itself through one crisis after another, says AllianzGI’s Deborah Zurkow.

Angelo Gordon beats its target with $3.1bn close

The credit solutions fund is part of a platform that bills itself as 'all-weather distressed and special situations'.

StepStone closes its first credit opportunities fund, beating target

Manager raises more than $600 million for stressed, dislocated and distressed vehicle.

Distress forces its way back onto the agenda

Those waiting for distressed debt activity to pick up have needed a lot of patience. Are they finally set to be rewarded?

About this page

Distressed debt is always one of private debt’s most popular strategies but, in 2022, it’s attracting more attention than usual. Financial support offered by governments during the covid pandemic is being withdrawn, inflationary pressures are set to take their toll on company balance sheets, and many firms are struggling with staff shortages. In this environment, stress is likely to emerge and the low default rate seen in recent years will almost certainly rise. Given these factors, we are doubling down on our coverage of distressed debt and offer our readers the opportunity on this page to explore key stories, news analysis and features.

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