Opportunistic Credit

The firm’s first comingled fund in its capital solutions strategy will invest in a broad mandate of public and private credit.

Fund targets off-the-run, mid-sized direct lending, stressed and distressed investments in third vintage.

The firm’s second opportunistic credit fund closed at more than twice the size of its predecessor with backing from LPs across the US, Europe and Asia.

Led by Craig Snyder and Aaron Rosen, the firm’s new opportunistic credit team is focused on dealing with fixed-charge coverage ratios and the lack of DPI.

LA-based manager has a record amount of available capital, but sees dip in fundraising from Q4 2023.

The European mid-market is proving fertile ground for more complex capital solutions.

There is plenty of capital for distressed debt strategies in the Asia-Pacific region, but putting it to use raises unique challenges.

The prospect of a rising default rate in the US is opening new avenues around liability management solutions.