PIMCO Distressed & Special Sits?
Since the Incora deal made the headlines, there have been some interesting tidbits of's increasingly active distressed and special sits team. They appear to have revamped their team in the US (heard about some senior 's special sits team as well as from Elliott) and in Europe (brought in the former head of alt credit at Och-Ziff/ Sculptor). All in all, even headhunters now describe them as Tier 1 in distressed, whatever that means.
Since there's no specific thread on them, I was hoping to hear more about them - deals they're looking at,, what backgrounds they search for and culture, ideally in Europe/ London but overall as well.