Distressed & special situations

Oak Hill Advisors: 2026 is a strong year for distressed opportunities

Joseph Goldschmid and Christopher Kenny of Oak Hill Advisors explain how they are seeking to find the best opportunities in a growing special situations market.

Fitch: Default events in January double last year’s average

There were 11 private credit defaults in January and 89 in the trailing 12-month period.

Arcmont almost doubles size of previous capital solutions fund

The Nuveen affiliate has collected €1.5bn for the second version of the strategy, which targets complex credits.

Washington pension board expresses credit concern amid build-out

The CIO has reassured the board that the pension is ‘not in a hurry’ to add private credit exposure, despite planning a new programme for the asset class.

Ropes & Gray makes fifth senior recent hire from Fried Frank

For complex special situations, liability management and restructuring matters of R&G clients.

Bankruptcy debtors score a win over residential portfolio

US bankruptcy court approves sale of rent-stabilised residential properties, setting aside housing-based objections from New York City.

New report: Private markets performance data

PEI Group’s quarterly fund performance reports analyse the state of private markets through the lens of our proprietary data to bring you market insights enriched by our reporting and editorial expertise.

First Brands founder indicted as new liquidity approved

Bankrupt auto parts firm’s founder and his brother indicted on charges of defrauding banks and investors.

CVC to acquire US manager Marathon

The deal will significantly expand CVC’s presence in North America and follows the signing of a $3.5bn partnership with AIG.

Factors were wary two months before Saks Global’s bankruptcy filing

Burdened by debt, Saks missed a $100m interest payment in late 2025.