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BlackRock hires Mumbai-based MD for Asian credit deal sourcing

Rajat Agrawal will help the firm develop its India strategy as it raises its first Pan-Asian opportunistic fund.

Bank of Ireland moots NPL sale

As much as €2bn of Irish loans could be up for sale.

Pillarstone and banks provide €25m to support Greek NPL deal

The deal is the first of its kind in Greece, according to Pillarstone, after the government reformed laws to better protect international investors.

Debt managers eye distress deals in China

Real estate developers in China are turning to private credit managers to meet their financing needs amid a continuing liquidity crunch.

Pillarstone makes first exit from Italian NPL book

The sale and refinancing of Cuki means Pillarstone made a full recovery.

Värde leads €1.4bn Italian NPL deal

The package of Northern-Italian loans was acquired following a digital due diligence process.

LCM snaps up €300m of Spanish loans – exclusive

The consumer and SME loan specialist has acquired a portfolio of secured, non-performing SME loans from Grupo Cooperativo Cajamar, a credit cooperative.

Edelweiss targets $296m for distressed debt fund

The biggest asset restructuring company in India plans to raise capital via its alternative asset investment manager for a domestic vehicle investing in distressed assets.

Oaktree’s board battle with Ranger nears a conclusion

The direct lending fund manager is buried by $700,000 in legal fees and looming scepticism over its ability to wind down .

Improving performance

Despite political turmoil, NPL levels are coming down in Europe.

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