Los Angeles Distressed Debt/SS/Deep Value Shop List?

Has anyone developed a list of distressed, special situations, and deep value shops in Los Angeles/OC? The big ones (Pinebridge, Canyon, etc) are obvious but I’m looking for a more comprehensive list.

 

Do you know anything about their distressed arm? Did a little research but couldn’t find much

 

ignore that guy, sounds so bitter. glendon is a decent shop - spun out of barclays not that long ago. the chick who runs it is a beast...

Good luck digging out a negative IRR on both your funds and never being able to raise capital again. You know nothing of this industry.

 
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That's actually news to me, so thanks for sharing - had heard some rumblings but no one was able to confirm. Appreciate u sharing. 

Many guys like this will get washed out. Especially firms of the setup like Glendon where they promise partner level carry to lure in associates/principals, then have no forward pipeline to raise money after fumbling by investing in shitcos like Pyxus. I like some of their team members but a zombie PE shop is last place you want to get lured into.

 

Likely depends somewhat on their large position on the FYBR reorganized equity...I think they were second largest holder after Ares if I remember correctly? Not sure on size of stake relative to fund size though but likely a decent position for them. 

 

What’s the latest on canyon capital? Had heard they’ve had massive attrition and loss of AUM in the main hedge fund (now >50% CLOs?) due to poor returns / not doing well in COVID. Believe they still have an LA office but top senior guys sit in Dallas?

 

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