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Based on previous WSO threads, here are some notable investment banks and firms involved in special situations and distressed investing:

Bulge Bracket Banks with Special Situations Groups:

  • Goldman Sachs
  • Morgan Stanley
  • JPMorgan
  • Citi
  • Bank of America
  • Credit Suisse
  • Barclays
  • Deutsche Bank
  • UBS

Global Non-Bulge Balance Sheet Banks:

  • Wells Fargo
  • RBC
  • HSBC
  • Nomura
  • RBS
  • BMO
  • Mizuho

Upper Middle Market - Full Service:

  • Jefferies
  • Cowen
  • William Blair
  • Piper Sandler
  • Stifel
  • Raymond James

Notable Special Situations Funds:

  • Lone Star
  • Varde

These firms and funds are known for their involvement in distressed debt and special situations investing, often buying non-traded financial assets at a discount to NAV or engaging in distressed-for-control strategies.

Sources: List of US IBs, Distressed debt / special sits investing - On the job, Distressed Debt / Special Situations Job Security, Special Situation Groups at BBs, Direct Lending --> Distressed/Special Situations Investing

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