distressed & special situations

PennantPark's Art Penn looks at where market opportunities are arising due to covid-19 and the challenges that lie ahead.

Is opportunistic credit the next big thing to watch in the asset class? What are others in the markets doing now? Bruce Tomlinson of Sunsuper and Bev Durston of EdgeHaven answer these key questions.

As the world gradually emerges from lockdown, fund managers are asking whether the pandemic could represent an opportunity for credit markets.

After a quiet start to the year in private debt fundraising, dislocation strategies have burst on to the scene with their promise of high returns amid the covid-19 turmoil. But without the resources to do proper due diligence, have investors had their heads turned?

There is a near-term discount opportunity in distressed, but investors need to bear in mind that fund managers may be investing over several years. Alex Odysseos of Houlihan Lokey reflects on the significance of this.

The vehicle, which will invest in both public and private deals, is 75% larger than its initial target.

A new report sheds light on the scale of the biggest opportunity for some fund managers since the global financial crisis.

Bain Capital Credit has beaten a target of $3bn for the third fund in its global distressed and special situations series.

Fundraising will also be buoyed by distress-focused vehicles, according to a survey from Intertrust.

Mitch Drucker, formerly of Garrison, has joined as a partner with 'strong relationships in the restructuring community'.