Distressed & special situations

The special situations segment is providing an increasing host of opportunities amid growing financing pressures on the continent, say Jakob Kjellberg and Arvid Trolle, co-founders of Njord Partners.

The distressed credit fund has outraised its target and its prior vintage.

Adviser RVK recommended raising its private credit allocation to target 5%, or $300m-$400m, per year through 2029.

‘We took a long journey of three years of technology investments and regulatory approvals, and today we are the first credit fund approved in Portugal,’ says LX Partners’ Founding partner Vittorio Calvi.

Macroeconomic and geopolitical volatility is the backdrop for the fund manager’s fundraising haul. Are we now in an era of sustainable distressed dealflow?

The fund misses its target by $2bn but still counts as the firm’s largest ever fundraise.

Manager raises its largest-ever fund, which will focus on asset-based investments.

The decision increases uncertainties for creditors and distressed debtors contemplating liability management deals.

Under a decision by the Third Circuit appeals court, Akoustis may have to pay post-petition interest to debtors.

The European distressed and special situations credit fund was smaller than its predecessor.