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distressed & special situations

CVC closes distressed fund above target at $1.42bn

Firm believes growing volatility in credit markets is likely to create more opportunities to acquire undervalued debt.

Ares closes on more than $1bn for latest distressed fund

The vehicle, which is targeting $2bn, received a $70m commitment from the Pennsylvania State Employees’ Retirement System.

Latest HIG fund closes on $1.5bn amid signs of strife in Europe

With Cheyne’s €1bn close earlier in the week, an HIG Bayside vehicle is another to target ‘challenging’ conditions for smaller businesses in the region.

Exploring China Huarong’s diminishing pursuit of NPL business

Industry sources are pondering why there has been a significant decline in the organisation’s NPL acquisition costs

Neuberger closes Bain credit fund restructurings

A few dozen positions held in the 2005- and 2007-vintage Sankaty Credit Opportunities Funds II and III were moved into a separate vehicle in a deal that closed in early June.

How Europe’s insolvency and restructuring regimes are evolving

European Union member states are gradually harmonising their regulatory landscapes.

Four trends in Asian distressed debt

Deteriorating covenant quality will put some off investing in Asia, but there are attractive opportunities in the region for those who understand the risks.

Is there a strong case for litigation funding?

As investors assess lesser-known assets to meet their investment needs, litigation funders are witnessing a surge of interest. But how appealing are the returns, given the risks in this developing market?

Five leading trends in distressed debt and special situations

The prospect of an economic downturn has stimulated interest in the strategies.

HPS seeks $600m for distressed mid-market loans – exclusive

The firm, which sees managers making decisions they will later regret, will invest in privately negotiated transactions on already-originated loans.
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