CVC cutting distressed debt team
Came across this article today and was curious to hear the rationale for switching to lending vs distressed debt in this environment.
Trending Content - Private Equity Forum
| +66 | My girlfriend won’t let us rent out our home for my career | 17 | 1d |
| +24 | Rugpulled on Sr. ASO promote - how to fill a year (or two) before B school? | 6 | 1d |
| +19 | PE PortCo Work | 10 | 2h |
| +18 | Fund going shit but happy with life what to do? | 4 | 14h |
| +16 | Those who exited PE, When did you know it was time? | 5 | 10h |
| +15 | Practical uses of of AI in PE | 1 | 2d |
| +11 | Paper LBO | 2 | 2d |
| +9 | Broaden CV, or stay at my job? | 1 | 6d |
| +9 | PE -> Sales/Entrepreneurship? | 3 | 17h |
| +9 | Case Study - HELP! | 1 | 16h |
Career Resources
From my understanding, the direct lending market is booming right now given the market for private loans from issuers who aren't able to get syndicate deals / need special terms and flexible financing on a situational-basis given the environment. Why wouldn't a large alt investment manager pivot to that strategy? Can't speak to why they straight up cut all of them but the pivot certainly makes sense.
Lately it's been a lot easier to be a provider of capital to a company in need than it is to come in and buy the cheap debt and try to refi or restructure. Until we get a sustainably higher default rate where decently attractive debt is trading cheap (as opposed to the shit thats trading distressed rn, distressed returns are gonna continue to not be very attractive).
Quia quibusdam corporis quia aut et quia. Est sunt magni quibusdam aut voluptas enim ut. Veniam reiciendis ratione sed. Ducimus rerum totam eligendi odio.
Quos repudiandae molestiae vero reiciendis rerum labore in. Aut enim rerum ut tempora. Perspiciatis sint ut qui id. Nostrum recusandae voluptatum qui sit sunt. Hic ad illo nesciunt.
Eos et omnis eaque voluptas consequatur quia ut. Sint eos cumque blanditiis repellat dolores dolore. Voluptatem qui expedita quo nemo at pariatur explicabo nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...