Home Distressed & special situations

distressed & special situations

GPs with shallow pockets need deeper resources

The direct lending market has many young management groups battling to try to achieve scale. Until they do, it’s tough to meet growing LP demands for operational strength.

Signal halfway to hard-cap for second fund – exclusive

The London-based firm, led by ex-Deutsche Bank executives, has collected €500m at the first close of its follow-up special situations vehicle.

Private debt taps into growing demand in Chinese real estate

Private funds extend credit to homebuilders amid the nascent availability of offshore credit in China’s credit market.

Italian private equity manager Clessidra raises €320m for receivables fund

The fund will focus on assisting 14 Italian companies to restructure and relaunch their businesses.

3 takeaways for GPs from the PDI New York Forum

LPs and bankers had some advice for GPs on competitive differentiators, workout processes and predictions of private debt performance.
Howard Marks

Howard Marks: Lack of confidence ‘one of the best things market has going for...

Market participants are not thinking bullish but they’re still feeling pressure to act bullish, the Oaktree Capital co-chairman told the PDI New York Forum.

KPS seeks $5bn for turnaround investments

The firm, which makes control-oriented investments in financially or operationally distressed companies, will focus mainly on the industrial sector.
Distressed debt chart

Confidence in distressed is growing again

Distressed debt fundraising is one of the most cyclically affected strategies in private credit, and in the first half of 2019 it was back with a vengeance, writes John Bakie.

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.

Pemberton closes second mid-market fund at €3.2 billion

The fund manager has significantly expanded its presence across Europe in anticipation of opportunities from banks deleveraging.

Copyright PEI Media

Not for publication, email or dissemination