Distressed-for-control turns back the clock

The liquidity crunch that has claimed Silicon Valley Bank as a victim may represent an opportunity for investors with an aggressive approach to pick up assets on the cheap. David Conrod, FocusPoint Private Capital Group chief executive, was quoted in Private Debt Investor that deep-pocketed lenders were picking up loan assets on the cheap with one client FocusPoint is raising capital for, recently buying $150 million of debt for $4 million, or five cents on the dollar. Read the full article on Distressed-for-control coming back into vogue to learn more.