Distressed Debt

Pimco funds attract more than $1bn of new commitments

Corporate opportunities fund adds $865.3m, while specialty finance fund holds first close on $411.5m.

GSAM survey finds LPs ready to increase allocation to alts

Investors made the mistake of pulling back in the downturns of 2001 and 2008 and want to avoid that now.

Looming maturity wall gives rise to new ‘blend and extend’ strategy 

Blend and extend is the latest iteration of the 'extend and pretend' strategy frequently seen in the wake of the Global Financial Crisis.

About this page

Distressed debt is always one of private debt’s most popular strategies but, in 2022, it’s attracting more attention than usual. Financial support offered by governments during the covid pandemic is being withdrawn, inflationary pressures are set to take their toll on company balance sheets, and many firms are struggling with staff shortages. In this environment, stress is likely to emerge and the low default rate seen in recent years will almost certainly rise. Given these factors, we are doubling down on our coverage of distressed debt and offer our readers the opportunity on this page to explore key stories, news analysis and features.

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