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distressed & special situations

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Distressed debt’s appeal surges amid market uncertainty

Bain Capital is the latest manager to target non-performing real estate loans, a strategy that has been attractive to institutional investors.

Catalyst targets up to $250m for Fund II – exclusive

The Indian firm is planning to launch a bigger fund with a broader investment scope.
Outline of India

ADIA-backed Kotak Investment garners $1bn for first debt fund

The Indian fund manager is targeting NPLs and structured financing opportunities.

Blackstone’s GSO runs fund revamp on older credit pools

The firm, which launched its special situations fund in 2005, could move assets into a newly created vehicle that would let investors cash out of older funds.

BlackRock closes credit opps fund at $2bn

The fund will look at special situations and opportunistic credit to help investors generate returns through the credit cycle.
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Oaktree takes minority stake in Latin American placement agent

The firm has taken a 20% stake in Singular, which has previously helped it raise more than $750m across eight vehicles.

KKR posts 5% LTM gross returns in alternative credit during Q2

The alternatives giant is in market with its latest direct lending vehicle focused on Europe, where executives said the firm has seen increased investor interest due to negative-yielding debt.
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Getting full credit from debt fund GP-led secondaries

Houlihan Lokey’s Jeff Hammer and Paul Sanabria discuss the benefits of undertaking GP-led secondaries in private debt.

Why court orders are driving deals for debt managers in India

Asset sellers would prefer private deals before undergoing resolutions. PDI explains the reasons.
Arrows

Distressed: Is it worth the wait?

Timing, fees and manager differentiation are among the key issues for limited partners prepared to take a punt on GPs that thrive on turmoil.
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