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distressed & special situations

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'.
Among its investors, a US pension fund plans to allocate $300m to Oaktree Opportunities Fund XI, the latest in the distressed debt fund series.
What are 'dislocation' funds all about and what are the implications for LPs? Tavneet Bakshi of FirstAvenue, Trevor Castledine of bfinance and Jessica O’Mary of Ropes & Gray discuss the key issues.
The new generation of dislocation funds now have a multi-billion-dollar example, with $2.8bn raised for a vehicle and more than $1.1bn for separate accounts.
More than half of the participants in Accord Fund III B are new to the strategy.
Bruce Flatt, CEO of Brookfield Asset Management, said the three-to-five-year outlook for its credit partner Oaktree Capital is “much better today than it looked eighteen months ago.”
A new report from bfinance predicts capital raised by credit fund managers may grow this year on the back of an increase in distressed and opportunistic approaches.
The firm, known for its private equity investments, is now entering into speciality finance through its newly built structured credit team.
These two strategies are the only alternative asset classes in which interest grew compared with last year, according to a report by Probitas Partners.

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