Distressed Debt

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.

Vรคrde Partners secures $850m for Asia credit strategy

The firmโ€™s third vintage in its Asia credit strategy is thought to be targeting $1bn.

First Brands bankruptcy is converted to a Chapter 7 liquidation

Judge Lopez sees 'no doubt that there is cause to convert' as there is no going concern to reorganise.

Licensed to lend: BlackRock caught on both sides of Aston Martin’s debt fight

Aston Martin, makers of James Bondโ€™s iconic car, creates a JCrew-style trapdoor โ€“ BlackRock is both beneficiary and casualty.

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 Financial support offered by governments during the covid pandemic is being withdrawn, inflationary pressures are set to take their toll on company balance sheets, and many firms are struggling with staff shortages.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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