Distressed Debt

LX Partners creates a first in Portugal

'We took a long journey of three years of technology investments and regulatory approvals, and today we are the first credit fund approved in Portugal,' says LX Partners' Founding partner Vittorio Calvi.

Oaktree’s $16bn for a challenged market

Macroeconomic and geopolitical volatility is the backdrop for the fund manager’s fundraising haul. Are we now in an era of sustainable distressed dealflow?

Oaktree raises $16bn for largest ever distressed debt fund

The fund misses its target by $2bn but still counts as the firm’s largest ever fundraise.

Balbec holds final close on $1.7bn distressed ABF fund

Manager raises its largest-ever fund, which will focus on asset-based investments.

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 Financial support offered by governments during the covid pandemic is being withdrawn, inflationary pressures are set to take their toll on company balance sheets, and many firms are struggling with staff shortages.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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