Distressed & special situations

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

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

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

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

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

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

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

Sophisticated lenders may not have been caught so flat-footed by a JCrew transaction after all.