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distressed & special situations

The CarVal fund is focused on US and Europe, while the Canvas fund is targeting distressed opportunities in Brazil. 
The European mid-market firm invests both debt and equity across the capital structure.
Anthony Robertson heading up the Strategic Value Credit business, which is in the process of launching a fund targeting $1bn.
Today’s strong, low-default US market still bears distressed fruit, experts at Pension Bridge conference said.
A lot of managers are establishing special situations strategies thanks to an expected turn in the credit cycle.
The firm’s latest special opportunities fund has held a final close following another multi-billion raise earlier this year.
The fund will look at two distinct strategies in the country over the next three to four years.
The deal sees the firm partner with ShoreVest and follows its launch of a $1bn Asia-focused credit fund last year.
The California pension fund is aiming to finalise a commitment to the fund which targets investments in European mid-market companies.
The firm’s special situations vehicle has provided the financing to facilitate a merger between two Europe-based coffee companies.

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