As waves of capital flow into distressed debt and special situations funds in the later stage of the credit cycle, US-based fund managers should not wait for a recession to deploy this “war chest” of capital, financiers were told at the Pension Bridge Private Equity Exclusive conference in Chicago on Tuesday.
Unleashing the distressed ‘war chest’
Today’s strong, low-default US market still bears distressed fruit, experts at Pension Bridge conference said.
