Distressed & special situations

Apparent ABF fraud hits BlackRock’s HPS

The world’s largest asset manager and its recently acquired private credit business are among the victims of the alleged fraud by entities now in bankruptcy.

Strategies: LPs broaden horizons

Appetite for credit secondaries, distressed and subordinated debt strategies is growing among LPs – where can the market expect to see the next wave of growth?

Auto lending takes another hit: PrimaLend

Chapter 11 filing comes the day after Bank of England Governor discusses US auto loans with the House of Lords.

The bankruptcy blame game

Signs of credit stress are emerging, but there are different views over its relevance for the private debt market.

PDI Awards 2025: It’s time to submit your entries!

The Private Debt Investor Global Awards return.

First Brands bankruptcy prompts questions over private credit exposure

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

DOWNLOAD: Debt fundraising rings in record Q3

Record fundraising in Q3 for private debt as investors seek stable returns.

First Brands, in chapter 11, discloses over $11bn of liabilities

A number of private credit firms have exposure to the latest instance of trouble in the auto and auto-parts industries.

Why run a credit CV?

It is more in credit GPs’ interests to actively pursue liquidity than remain passive with tail-end portfolios.