bankruptcy

Forward-thinking managers are able to safeguard their investments by taking a flexible approach to emerging risks.

Some have labelled this a ‘golden age’ for private debt, but fund managers would do well to avoid complacency. Here are five threats to those in the industry.

Even the possibility of a victory by the bankruptcy trustee struck fear in the hearts of market participants. The victory has gone to the defendant, JPMorgan.  

Lender-on-lender violence is being seen with increasing frequency as private debt firms show their willingness to be aggressive in stressed scenarios.

Creditors battling to recover the trucking company’s nearly $3bn in obligations include the US Treasury, Apollo, the Teamsters and pension interests. 

Affirmation of ‘uptier rights’ of non-PTL creditors signals a likely continuation of creditor-on-creditor violence.

New York bankruptcy court approves sale of the SVB Securities business for $81m in cash and subordinated debt to Klarman-backed management group.

A US bankruptcy court has allowed for defense costs of current and former directors to be covered by insurance.

An aggressive landmark 'uptier exchange' by mutual funds, despite confusion and talk of perjury, is prevailing.

Next thing you know, private credit will be bailing out the banking system. Past experience of crises will ‘come in handy’ says one industry professional.