Distressed Managers Pounce with New Funds Seeking $70B



By Tom Stabile

As distressed debt and special situations managers swarm the market with a rush of $1 billion-plus funds so far this year, and 25 new offerings seeking a cumulative $70 billion in capital, our CEO David Conrod was quoted in Fundfire Alts yesterday talking about his expectations for fundraising. He expects investor interest will likely stay strong heading into 2021, and that some investors who historically have never allocated to distressed debt are now considering the opportunity.