Distressed Debt

The loan was an unusual move for Patriarch, whose strategy usually involves acquiring companies through distressed debt.

A wave of refinancing that will hit private-equity-owned firms over the next few years may prove profitable for distressed-debt funds.

Goldman has billions of dollars dedicated to distressed debt situations just like this.

Some groups operate in fields like distressed debt, where markets may not be fully efficient and outsize returns could be achievable.

In distressed debt, transaction volumes at the bottom are nil at best.

It was naive to think a distressed debt exchange could ever escape a rating downgrade.

But none of this is stopping distressed debt investors from salivating at the feast that China could potentially serve up.

Whether or not talk of depression is borne out, defaults, distressed debt and deleveraging will be on the rise.

The funds are believed to account for a slightly smaller proportion of activity in the distressed debt arena too.

Specialist "distressed debt" funds emerged that looked for undervalued bonds, rather as value investors combed the stockmarket for bargains.

Credit bonds for investment grade credit as well as distressed debt have suffered greater falls than even equities.

China is most likely to invest in distressed debt and securities backed by commercial real estate, rather than the buildings themselves.

Now, the transfer of part of the west's corporate landscape to investors in distressed debt is just beginning.

Funds have only about $150 billion to spend on distressed debt in Europe, he reckons, which means they should have their pick of assets.

Just like private equity, distressed debt investors are used to playing hardball to get their way.

Mr Lowy caused a stir when he resigned from Deutsche Bank in March, having founded its Asian distressed debt operation in 1999.

Distressed debt trading does not necessarily always lead to default or bankruptcy, although such risk is increasing.

It is thought that the primary request may be for China to invest in a special purpose vehicle for distressed debt.

Steve Feinberg, its notoriously reclusive boss, co-founded the firm in 1992 as a hedge fund that traded distressed debt.

Under his leadership the group was regarded as the region's leading force in distressed debt trading and investing.

The best performing asset class so far in 2009 has been distressed debt, up by nearly 40%.

Apollo, which has a long involvement in distressed debt, revealed plans on April 8th for an initial public offering.

In addition, plenty of distressed-debt funds specialise in taking positions when things look ugly.

Oaktree is expected to use the funds to invest in distressed debt and other fixed income assets, the Journal said, citing unnamed sources.

Distressed-debt funds were often the priciest.

Now he deals in distressed debt at Deutsche Bank in Mumbai.

Some distressed-debt firms are offering to buy claims from them at a reduced rate.

The move comes amid increasing interest among distressed-debt investors in China.

Last year it raised a $1 billion distressed-debt fund.

Study on the Strategies and Risk of Investing Distressed Debt

The European Central Bank (ECB) joining the rescue package by buying distressed debt, 2010