Distressed & special situations

Angelo Gordon beats its target with $3.1bn close

The credit solutions fund is part of a platform that bills itself as ‘all-weather distressed and special situations’.

Distress forces its way back onto the agenda

Those waiting for distressed debt activity to pick up have needed a lot of patience. Are they finally set to be rewarded?

On the minds of lawyers

From current global events to regulations, lawyers share their thoughts on the state of the distressed debt market.

Flexibility the key for next-gen distressed funds

Current global events are fuelling an uptick in distressed debt investing. With this comes the need for investors to be flexible.

Sowing seeds for the next cycle

Weak loan structures and high leverage levels are paving the way for an expansion in distressed debt. Rob Langston examines the landscape further.

New directions for distressed debt and special sits

Investors sense an opportunity to pursue more niche and specialised strategies in the distressed debt space. Rob Langston considers how the market is innovating after covid.

Cross Ocean: Well positioned for a more uncertain credit outlook

Covid highlighted the value of a special situations credit strategy built on experience and flexibility, say Cross Ocean Partners’ Graham Goldsmith and Steve Zander.

Bridgepoint Credit: Versatility is critical to success in special sits

Covid-19 proved the value of a nimble special situations strategy, with the ability to pivot from primary to secondary opportunities. Bridgepoint Credit’s Stephen Escudier believes the same skillset will be critical to success in 2022.

Tikehau: Being agile during times of uncertainty

Market dynamics suggest a growing need for flexible capital, so providers must be ready to move fast, argue Maxime Laurent-Bellue and Jean Odendall of Tikehau Capital.