Opportunistic Credit in Europe
Hi All,
Keen on credit funds that are playing across the capital structure and can look at things from an opportunistic perspective and are more flexible with capital allocation than basic and boring CLOs - not necessarily distressed but possibly risker kind of debt (PIK, unsecured)
Few of the guys that come in mind (in alphabetical order) are:
- Albacore
- Alcentra
- Arcmont
- CPPIB
- GSO
- HayFin
- ICG
- Oaktree
- PIMCO
I am particularly interested in Albacore - does anyone know who their recruiter is? Any view on their rep?
Not sure but it sounds good. Maybe monarch also has office there
Pretty sure Monarch is more like your typical distressed debt fund and performance has historically been mitigated I believe.
Correct
Would be keen to know too - space is often overlooked and much harder to get insights vs PE funds where their deals are all over the news.
Keen also to hear. What's people's thoughts on Albacore and Hayfin in particular? Have seen them in the news a fair bit lately
Albacore seem to have nailed it last year to be fair. Hayfin seems to be doing well - but there is never a thing on what they invest into. I would guess would by loans / bonds trading at 80 cts where there is a solid security so not much downside but only upside from a risk return. Still impressive however.
Pemberton, Park Square Capital, HPS, CVC, GS MBD (now part of GS AM) are other firms active in the space with teams in Europe, GSO is called Blackstone Credit now.
Check out both Warwick Capital and North Wall. Should be right up your alley. Zetland is a smaller fund that does some cool stuff as well.
Little bit late but any more insight into zetland?
Been a while, looked into potentially partnering w/ them on some special sits RE deals though (all fairly unique, don't remember much about exact details at this point however). Founded by an ex-HIG Bayside guy, was a super small team a couple years back.
Angove Partners or Hinton Rose will be their recruiters.
Roundshield Partners for asset backed opportunistic credit
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