Opportunistic Credit

Why the struggling, high-quality firm is not a contradiction

Some US mid-market borrowers are finding things tough, but there can be a lot of value in helping them through their problems.

Need for workout specialists rises as maturity wall looms

The long cycle has caused a dearth of workout specialists as lenders and borrowers seek to modify loans.

10 key trends: The rise of credit secondaries

More and more LPs are embracing opportunities in credit secondaries, but the sector remains undercapitalised.

10 key trends: The shape of European stress

Weak European growth and rising defaults are tipping companies into the sweet spot for opportunistic credit.

10 key trends: Difficult questions for distressed

A lack of genuine distressed debt opportunities is leading some GPs to consider whether this strategy is still a valid play.

Will there be a horde of UK zombies?

Tough times may lie ahead for the UK – but will expectations for distressed activity be realised this time?

Opportunistic credit finds favour as distressed loses its appeal

Several big hitters are now in the market with ambitious opportunistic credit strategies, hoping to capitalise as LPs turn away from conventional distressed plays. So, what has prompted this change of tack?

LCM Partners: The value of a steady hand

The European NPL market opportunity set is growing for those with experience and established bank relationships, says Paul Burdell, co-founder and CEO of LCM Partners.

Sculptor Capital Management on the benefits of casting a wide net

Whether it’s corporate credit, asset-based loans or real estate debt, opportunistic investing requires flexibility to identify the best rewards, say Sculptor Capital Management’s Brett Klein and Udai Bishnoi.

Permira: Leveraging a broad platform

Continuing bank retrenchment and an underserved lower mid-market have tilted the playing field in favour of a growth-orientated approach to opportunistic credit, says Ian Jackson, head of Permira Strategic Opportunities.