In the recent months, a growing number of new credit funds have started fundraising as investor appetite for distressed debt, CLOs and other niche special situations is on the rise.
PIMCO reportedly is raising up to $3 billion in a distressed assets, but is one of a long line of firms that have emerged from March’s market rout with cash in hand. A back of the envelop tally shows initially roughly $9 billion being gathered by an elite group of private debt players ready to be put to work in the space in the last few . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
