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distressed & special situations

Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

The GPs that want to see you in court

For distressed debt firms concerned about a lack of dealflow, there’s a simple solution: do litigation funding instead.

First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.

GSO builds out its distressed debt team with two key hires – exclusive

The firm hired Robert Carroll as a managing director and head of distressed trading, and Adam Maitin as a vice-president on the trading desk.

When a bleak global outlook is great news

Fundraising was down last year, but distressed investors take heart from the gathering political storm clouds, reports David Turner

Korea Post seeks global distressed debt fund managers

The organisation’s savings and insurance arms will jointly commit up to $200m to the strategy.

Silver Point Capital’s distressed fund sits between its target and hard cap

Silver Point Distressed Opportunity Institutional Partners closed on more than $1.1bn, surpassing its target of $750m.

DOWNLOAD: Fundraising hits four-year low

Fundraising eased off last year as concerns about the global economy grew. Find out all the details in our interactive report.

Foreign investors betting big on mortgages in China

Distressed debt fund managers including Bain Capital Credit are exploring China’s ‘secured’ lending practices.

Contra Costa County looks to commit up to $200m to distressed debt, buyouts

The firm’s private equity portfolio has a 5-15% sub-allocation to special situations.

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