There has been so much talk (or indeed hype) around direct lending that it’s easy to assume the strategy is dominant and investors captivated by little else. But our 2017 fundraising figures revealed that distressed debt nosed ahead of direct lending last year – accounting for around a third of total money raised for private debt as a whole.
Distress means hard work, not miracles
Distressed debt investing is flavour of the month, but requires deep sourcing and operational expertise. Does everyone have that, Andy Thomson asks
