Distressed & special situations

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?

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

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

The Private Debt Investor Global Awards return.

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

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

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

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

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.

The A$35bn Australian superfund’s head of credit, Jason Huang, says private credit is ‘definitely not defensive’ but has an important role in its portfolio.