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Paul Hastings hires Shearman & Sterling lawyer as partner in London
19 days ago
Paul Hastings has hired a new partner and restructuring and special situations attorney, the latest in a string of European restructuring hires for the firm -
Akin Gump hires Paul Hastings partner for private credit practice
1 month ago
The New York-based partner will join the growing special situations and private credit practice. -
Dallas retirement system allocates USD 60m to credit funds
2 months ago
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt -
CLO portfolios may need check-up as healthcare sector continues to deteriorate
2 months ago
Reimbursement challenges and high labour costs are expected to continue to drive restructuring activity among healthcare companies this year following a busy 2023. -
Blackstone sets sights on USD 10bn for opportunistic private credit fund
3 months ago
Blackstone will soon introduce the latest version of its opportunistic private credit fund, aiming to raise USD 10bn, Michael Chae, the firm's chief financial officer, told analysts -
2023: a bumper year for CLO funds
4 months ago
It looks like 2023 will finish as a solid year for most credit funds, and an outstanding one for CLO funds. But funds pursuing corporate distressed strategies continued to struggle -
Oaktree raises roughly USD 3bn for third special situations fund
4 months ago
Oaktree upsizes third fund that primarily invests in stressed or distressed US middle-market companies -
Florida pension system allocates to three alternative funds
4 months ago
Three funds received commitments from the City of Hollywood Employees' Retirement Fund including an opportunistic credit fund and a direct lending fund -
Seattle retirement systems commits USD 30m to distressed fund
5 months ago
The Seattle City Employees' Retirement System recently committed up to USD 30m to the Monarch Capital Partners VI fund -
CLO market’s favourite sector struggles as wages rise and leverage bites
5 months ago
The most important sector for the US CLO market is showing increasing signs of trouble. According to CLO-i data, healthcare and pharmaceuticals represents the largest exposure for US CLOs. -
New Mexico sovereign wealth fund commits USD 250m to distressed fund
5 months ago
The New Mexico State Investment Council approved a commitment of up to USD 250m to a distressed opportunities fund during its 24 October meeting. -
European manager has first close of EUR 300m credit opportunities fund
6 months ago
European credit hedge fund Ironshield Capital Management has revealed the first close of a EUR 300m capacity distressed fund -
US CLO credit Air Methods Corporation files for bankruptcy
6 months ago
Air Methods Corporation, a widely held name in the US CLO market, filed for Chapter 11 this morning reporting USD 1bn to USD 10bn in liabilities. -
Oak Hill raises USD 2.3bn for distressed fund
6 months ago
Oak Hill Advisors secured USD 2.3bn in equity commitments during the final close of its distressed investment fund, the OHA Strategic Credit Fund III -
Fund performance
7 months ago
Positive August for credit sees CLO funds on top again -
Credit funds at a glance (September 2023)
7 months ago
A round-up of people moves and fund raising -
Credit hedge fund returns (September 2023)
7 months ago
Credit hedge fund returns -
Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds
The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds
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Brazilian distressed fund gains investor attention internationally
8 months ago
International investors continue to take note as Brazil's Jive Investments raises roughly half a billion dollars for fourth vintage of distressed and special situations fund. -
Retail maintains primacy as most distressed sector in Europe with €31 billion of debt restructuring commenced in 1H23
8 months ago
Newly commenced restructurings tracked by Debtwire in Europe during 1H 2023 show 114 mainly large-cap restructurings, compared to 89 tracked in 1H 2022, a 28% increase year-on-year -
DebtDynamics North America: Likely-to-distress scores highlight struggling industries
9 months ago
Out of a universe of more than 12,000 leveraged US companies, 180 are in the stressed/distressed lifecycle categories -
Diebold's DIP delivers partial payout
9 months ago
Another day, another divergent DIP outcome as Diebold Nixdorf has its reorganization plan approved in court. -
Casino failure to secure requisite default waivers, non-payment of social security charges and taxes prompt questions on CDS triggers
9 months ago
Casino Group announcements that it failed to obtain the requisite consent from its bondholders and RCF lenders to effect a payment standstill and to waive any defaults for the duration of its conciliation proceedings and that it deferred payment of its tax and social security liabilities have led market participants to submit credit event requests to the Credit Derivatives Determination Committees (DC). -
CLOs hit by bankruptcy of Envision as zero recovery predicted for first lien loans
10 months ago
Envision has joined the growing number of companies to have filed for Chapter 11 bankruptcy. The emergency medical services company, which has been owned by KKR since 2018, announced on 15 May that it was entering a restructuring support agreement. -
LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
11 months ago
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit
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