Distressed & special situations

Marblegate acquires covid-era rescue loans from Federal Reserve

The manager purchases a $2bn portfolio of loans to over 300 businesses at a fraction of their original cost.

3 min read · 16 September 2026

Värde Partners secures $850m for Asia credit strategy

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

1 min read · 04 September 2026

First Brands bankruptcy is converted to a Chapter 7 liquidation

Judge Lopez sees ‘no doubt that there is cause to convert’ as there is no going concern to reorganise.

2 min read · 01 September 2026

Licensed to lend: BlackRock caught on both sides of Aston Martin’s debt fight

Aston Martin, makers of James Bond’s iconic car, creates a JCrew-style trapdoor – BlackRock is both beneficiary and casualty.

3 min read · 31 August 2026

Tailwinds supporting mid-market borrowers begin to fade

KBRA’s Q2 default monitor reaches record highs by count and debt totals but rating agency isn’t sounding the alarm just yet.

2 min read · 28 July 2026

AllianceBernstein installs APAC head of insurance solutions

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

2 min read · 22 July 2026

How fundraising is defying expectations

Headline numbers and strategic priorities point to strong levels of institutional support, even for areas of the market under scrutiny.

2 min read · 09 July 2026

European insurers eye bigger private debt allocations

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

5 min read · 22 June 2026

Medallia taken over by Blackstone-led creditor group

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

2 min read · 18 June 2026

Amid cautious foray into private credit, WSIB’s consultant confident in timing of program’s launch

Washington heard from its consultant, Albourne Partners, that ramping up a private credit allocation in a stressed market may allow for stronger documentation and higher spreads.

3 min read · 08 June 2026

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