Distressed & special situations

Report: Talks about the twisty Pluralsight saga near conclusion

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

Distressed debt: The default disconnect

For the first time, there are signs that distressed debt levels may be disconnected from default activity – but what does this mean for investors?

Blue Light Capital launches credit division to target mid-market lending gaps

The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.

MidOcean Partners raises $765m for opportunistic credit fund

Fund targets off-the-run, mid-sized direct lending, stressed and distressed investments in third vintage.

RBC BlueBay Asset Management: Capitalising on special situations in the mid-market

Stressed investments that don’t require restructuring can prove a rich source of performance, says Adam Phillips from RBC BlueBay Asset Management.

Benefit Street Partners closes special situations vehicle on $850m

Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.

How Morgan Stanley’s David Miller dealt with stress

David Miller, Morgan Stanley’s global head of private credit and equity, knows a thing or two about managing a big portfolio, particularly during times of stress.