Oppenheimer announced the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members.The additions coincide with a more challenging credit environment and expansion of the firm's...
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July 15, 2024, 08:16 AM
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KBRA released research about the connection between appraisal values of distressed loans and CMBS performance. In light of the continued rise in CMBS delinquency rates, KBRA reviewed updated appraisal values from January 2021 through May 2024 of...
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June 10, 2024, 08:00 AM
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Second Wind Consultants, America’s most respected name in corporate turnaround, announced its formal merger with Polaris Business Advisors.Through the merger, Polaris Business Advisors will become Rise Alliance – offering new capabilities and...
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May 17, 2024, 07:55 AM
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Bloomberg reported that Fortress Investment Group is targeting as much as $8 billion for its latest credit opportunities fund, focused on investing in areas ranging from distressed debt to structured credit, according to a person with knowledge of...
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October 30, 2023, 08:14 AM
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King Street Capital Management, a leading $20 billion global investment manager specializing in credit, has raised $1.2 billion for its inaugural Global Drawdown Fund (“GDF”) from existing and new investors, exceeding its $750 million target. GDF has...
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July 23, 2021, 07:00 AM
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Alternative investment manager Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 million and $15 million secured by performing and non-performing...
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July 20, 2021, 08:08 AM
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Gavin/Solmonese LLC announced today that it has hired Doug Wolfe, long-time General Counsel of a leading distressed-debt hedge fund strategy firm, to serve as a Managing Director in the firm’s Corporate Recovery practice. Based in New York City and a...
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September 25, 2020, 09:04 AM
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Eleven issuers across eight different sectors defaulted on their loan debt in first quarter, for a total volume of $4.8 billion, according to the latest data from Thomson Reuters LPC.Telecom, technology and media default rates plunged to a multi-year...
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April 23, 2019, 09:15 AM
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Investor interest in distressed debt currently outstrips all other private debt fund types, with 52% of institutions targeting the strategy in Q1 2018. However, fundraising has slumped in 2018 so far, with just three distressed debt funds having...
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May 14, 2018, 07:26 AM
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Completed distressed debt and bankruptcy restructuring activity totaled $282.2 billion during full year 2017, a 18% decrease compared to 2016, according to data released by Thomson Reuters.There were 302 completed restructuring transactions worldwide...
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January 15, 2018, 07:31 AM
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According to a new report from Preqin, 2017 was a record year for private debt fundraising, as a combined $107 billion was raised by 136 vehicles. North America saw the most activity, with 75 funds focused on the region raising a total of $67 billion...
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January 05, 2018, 07:30 AM
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A newly published analysis of distressed exchanges, or DEs, by Moody's Investors Service finds corporates' use of DEs increasing since the global financial crisis, with companies such as Chesapeake Energy and Claire's Stores contributing to the...
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January 02, 2018, 07:37 AM
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Thomson Reuters released its Distressed debt & bankruptcy review for the first nine months 2017, showing double digit decreases in activity compared to the same period last year.
Completed distressed debt and bankruptcy restructuring activity...
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October 16, 2017, 07:45 AM
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H.I.G. Capital, a global alternative asset firm with $23 billion of equity capital under management, announced that Steven Schwartz, former Head of Acquisitions and Originations at Torchlight Investors, LLC, has joined H.I.G. Bayside Capital as a...
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September 25, 2017, 07:29 AM
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Mezzanine funds account for greatest proportion of active investor mandates in July 2017, as investors say it has the best risk/return profile Preqin’s most recent survey finds that institutional investors view mezzanine funds as one of the most...
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September 01, 2017, 08:00 AM
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Fewer energy companies filed for bankruptcy in 2017, but the sector is still rife with opportunities for distressed/turnaround investors, according to George Putnam, III, author of The Turnaround Letter. Putnam's newly released Mid-Year Bankruptcy...
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August 10, 2017, 07:15 AM
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Investment firm BTIG announced that Romeo Reyes, Piyush Phadke and Daniel Nolan have joined the firm in New York, furthering its aggressive push into the credit markets. Reyes and Phadke will focus on originating, structuring and executing bond...
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August 10, 2017, 07:13 AM
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Global firms providing distressed debt and bankruptcy restructuring services completed deals valued at $105.9 billion during the first half of 2017, a 28% increase over the same period last year, according to data from Thomson Reuters published by...
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July 18, 2017, 08:01 AM
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SquareTwo Financial Corporation, a leader in the distressed asset purchasing market in the United States and Canada, announced the early settlement of its previously announced exchange offer and the implementation of its comprehensive...
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May 26, 2016, 07:22 AM
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H.I.G. Capital, a leading global private equity investment firm with €18 billion of equity capital under management, announced the appointment of Giuseppe Mirante as Managing Director of Bayside Capital, the distressed debt and special situations...
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March 11, 2016, 07:19 AM
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Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement in the middle market, announced Jordan Matusow has joined the firm. Matusow will focus on sourcing Monomoy’s investments in the debt...
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September 11, 2015, 07:28 AM
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Strategic Value Partners, a leading global investment firm focused on distressed and deep value opportunities, today announced the successful final closing of Strategic Value Special Situations Fund III ("SVSS III" or the "Fund"). The Fund raised a...
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December 11, 2014, 06:52 AM
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Tradex Global Advisors, LLC, an alternative asset management company, announced that Dr. Ed Altman has joined the high yield team at Tradex in an alliance to help execute the firm's Short-Biased High Yield strategy. Dr. Altman is the Max L. Heine...
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May 21, 2014, 07:24 AM
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Anderson Kill, a national law firm, has announced that it has formed a Banking and Lending Group to consolidate the services its attorneys provide to banks and other financial institutions. The group will be chaired by Inez M. Markovich, a...
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March 05, 2014, 07:06 AM
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Aurora Capital Group, a Los Angeles-based private equity firm with over $2 billion of assets under management, announced the closing of its second resurgence fund, Aurora Resurgence Fund II LP ("Resurgence Fund II"), at $550 million in capital...
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October 24, 2013, 07:11 AM
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Courage Capital Management, a privately held SEC-registered investment advisor that offers alternative investments to institutional and private clients, announced that John E. Klinge and Scott A. Imbach have joined the firm as senior managing...
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March 14, 2013, 07:31 AM
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U.S. banks holding large levels of nonperforming assets (NPAs) on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next, according to Fitch Ratings. Four years after non-accruals began to spike during the...
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February 13, 2013, 07:19 AM
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Reuters reports Edison Mission Energy, the unregulated power generation business of Edison International, has filed for Chapter 11 bankruptcy protection after being hurt by heavy debts, weak power prices and high fuel costs.
Under a restructuring...
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December 17, 2012, 07:08 AM
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