Distressed & special situations

Paul Hastings: How a crisis-hit market is taking shape

Covid-19 has presented the private debt market with both challenges and opportunities. William Brady, Mei Lian, Luke McDougall, Diala Minott and Jennifer Yount of Paul Hastings assess some of the major developments.

Värde raises $1.6bn for covid dislocation fund

Fund launched after the pandemic hit will have a flexible mandate to invest in opportunities created by economic disruption.

Racing to 50.1% of the vote

Liability management transactions are undertaken by companies to restructure liabilities on their balance sheets. Bryan High of Barings, Mark Liscio of Freshfields and Sanjeev Khemlani of FTI Consulting explain their current popularity.

Florida bites into distressed debt, commits to Apollo, Highbridge, Oak Hill

Staff at the $207.8bn system have said that distressed debt opportunities following the covid crisis could be unprecedented.

North Wall Capital secures €200m for European opps strategy

An allocation by a large international pension fund will enable North Wall to begin investing its latest European strategy.

Strategic Value Partners closes $1.65bn distressed debt vehicle

The ‘custom mandate’ has already invested more than 25 percent of its capital and is investing across various distressed strategies.

Carlyle ramps up credit in time of crisis

The firm is tapping into the rich deal environment spawned by the pandemic.

Deep Dive: The long, slow wave of distress

Low interest rates and policy interventions may translate into a slower but longer distressed cycle than has been seen in past crises. We examine the implications for fund managers and investors.