Distressed & special situations

Oaktree makes it three: Insurance exec hires of 2025

After EMEA and, reportedly, APAC, the Americas gets an insurance honcho.

Five alternatives to mid-market direct lending

Direct lending may be the most popular strategy for private debt investors, but heightened competition for deals means lenders are branching out.

APG enters infra debt, eyes move into US impact credit

The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.

MSCI: Global private credit beats PE for third consecutive year

All three subgroups of private credit posted positive returns in 2024, with mezzanine loans leading the pack.

Washington pension lays groundwork for private credit portfolio

Major private markets allocator with $211bn in assets introduces framework for portfolio with direct lending, opportunistic and distressed strategies

Signs hint at emerging distress

There are growing indications of a new cycle in the credit market as pressure on borrowers grows and default rates rise.

BC Partners Credit holds final close at $1.4bn

The third vintage of its special opps fund beat its predecessor and target with a high re-up rate.

Bar Louie returns to bankruptcy court

Antares Capital is said to have exited its equity position earlier this year.

Opportunistic credit funds step up efforts in ABL

For credit funds looking to move beyond corporate debt, asset-based lending offers a huge opportunity set – but the barriers to entry are high.

AB CarVal: Non-bank asset-based finance is a compelling diversifier

Non-bank asset-based finance may be viewed as opportunistic by some investors, but in reality it is a vast and established asset class offering compelling diversification, say AB CarVal’s James Sackett and PJ Collins.