Distressed & special situations

There are opportune markets available for experienced local lenders, say Arrow Global’s Toni McDermott and Richard Roberts.

Special situations investing in Europe is changing, says Ahmed Hamdani, founder and managing partner at Zetland Capital.

The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.

The industry veteran doesn’t believe private credit will bring down the system, but some managers will struggle in a higher-rate environment, he told attendees at PEI Group’s NEXUS 2024 summit.

New research found just 10-15% of mid-market private credit loans are scheduled to mature in the next two years.

Distressed pre-bankruptcy firms are using workarounds that allow some final-reprieve liquidity and offer risk-tolerant lenders opportunities.

There are many different definitions of the credit opportunities strategy, but all offer flexibility and a distinct position in the investing spectrum.

High court refuses request to classify loans as securities, lets a circuit court victory stand for JPMorgan and other banks.