Which shops structure/workout the most complex debt?

mrcheese321

Distressed loans are generally pretty disbursed through the industry so there aren't that many focused shops around. What you mostly see is places like C3, or the special servicing groups inside of banks. Otherwise a lot of lenders handle in house, but it isn't a full-time job. 

I manage a book of around 65 credits. There is 1 distressed deal in my book and I'm doing my own workout. It isn't a focus, but efficient frontier investing would say I should have some defaults or I'm not pushing high enough.

Helpful feedback, thank you. So if this was something I was interested in would you say it’s safe to talk to industry contacts at Midland/Trimont/Key etc.?

pudding

I think this is impossible to say. But if you look at firms doing highly structured deals. They will have structured workouts. Fortress probably has lots of interesting things going on by way of their highly structured book. 

I was thinking some of the hedge funds would have complex deals. Unfortunately I don’t have contacts at those firms

decrebepro

Probably some no name shop in NYC with a pixelized logo from 2006, no web or media presence, and a founder with a terrible haircut that comes from a CMBS desk and still works 75 hours in his mid 50s

Lol this is probably the most accurate comment. Thanks for the feedback