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distressed and special situations

Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market, but rather that it is ahead of the pack.
Businesses borrowing to cover losses while neglecting vital areas of investment have created a rich playing field for certain types of investor. David Conrod of FocusPoint Private Capital Group explains why.
The covid crisis has not led to an opening of the distressed floodgates. This means those allocating capital to the space should remain open-minded about how it gets deployed.
Large distressed funds may have anticipated plenty of opportunity when the pandemic arrived. But there are signs they may be disappointed.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated
The firm is tapping into the rich deal environment spawned by the pandemic.

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