Distressed & special situations

Oaktree’s Matthew Wilson sees upswing in sponsor-based activities

Oaktree’s SSF III has deployed nearly 55% of its nearly $3bn total raised, with investments in companies such as NexGen and TriMark.

Waterton closes $1.7bn multifamily fund with credit angle

The Chicago-based firm joins a growing list of managers targeting distress.

Bankruptcy court: Yellow on hook for pension contributions

Judge’s ruling does not give a number to pension liability but suggests that it will far exceed the debtors’ assets.

Silver Point holds final close on $4.6bn credit fund

Opportunistic vehicle nearly triples the size of its precursor, and will invest in cyclically driven dislocations.

TRS of Louisiana’s private credit allocation could triple for fiscal year 2025

Teachers Retirement System plans to allocate as much as $1.2bn for distressed debt and direct lending.

Blackstone registers multi-asset credit fund with SEC

The interval fund seeks to invest across the manager’s credit platform.

Moody’s says new CLO issuance surges by $100bn in H1 2024

Rating agency identifies market bifurcation, notes weakest credits are being left out of activity.

Consortium’s takeover of Vista’s Pluralsight agreed

Goodwin attorneys suggest this is a symptom of a change in the balance of power between private equity and private credit in distressed circumstances.