Distressed Debt

Time on the road increasing since 2021

The average time spend fundraising for credit fund strategies has generally risen during the 2020s.

Opportunistic credit is moving up the priority list

Attendees and panelists at the New York Forum saw increased opportunity for the strategy.

Marblegate acquires covid-era rescue loans from Federal Reserve

The manager purchases a $2bn portfolio of loans to over 300 businesses at a fraction of their original cost.

Washington trusteesโ€™ private credit concerns mount as consultants urge patience

Stateโ€™s pension consultant Meketa recognises problems underlie default headlines, but notes private credit is ahead of public markets in working through the cycle.

About this page

Distressed debt is always one of private debtโ€™s most popular strategies but, in 2022, itโ€™s attracting more attention than usual. Financial support offered by governments during the covid pandemic is being withdrawn, inflationary pressures are set to take their toll on company balance sheets, and many firms are struggling with staff shortages. In this environment, stress is likely to emerge and the low default rate seen in recent years will almost certainly rise. Given these factors, we are doubling down on our coverage of distressed debt and offer our readers the opportunity on this page to explore key stories, news analysis and features.

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