The Vault · 2026-03-26 14:57:10 · Bloomberg Markets
A veteran investor is making a high-stakes wager on one of the world's most distressed sovereign debt markets. Arif Joshi, a seasoned figure in emerging markets, recently concluded a fact-finding mission to Caracas, positioning Venezuela's defaulted bonds as a top investment opportunity. This move signals a potential t...
The Vault · 2026-04-02 18:57:23 · Seeking Alpha
A top executive at Oaktree Capital Management is pushing back against narratives of a broader crisis in private credit, framing recent market stress as a necessary and healthy adjustment. Armen Panossian, Oaktree's Head of Performing Credit, asserts that the current issues facing the asset class represent a 'correction...
The Vault · 2026-04-07 10:56:49 · Bloomberg Markets
Deutsche Bank's US distressed products group executed a high-gain trade in the first quarter, more than doubling its net profits. The surge was driven in part by a targeted short bet against a basket of software company debts, a move that capitalized on specific sector vulnerabilities rather than broad market distress....
The Vault · 2026-04-07 11:56:59 · Bloomberg Markets
Blackstone Inc. has closed its latest opportunistic credit fund at its hard cap of $10 billion, a massive capital raise that underscores institutional investors' aggressive positioning to profit from volatility in the private debt market. The sheer scale of the fund points to a sustained and significant appetite for st...
The Vault · 2026-04-15 00:22:36 · Bloomberg Markets
A TCW Group private credit fund has effectively written off its equity stake in the Red Lobster restaurant chain, marking down the value by approximately 98% since acquiring it out of bankruptcy earlier this year. A recent regulatory filing reveals the shares are now worth less than $1 million, a staggering devaluation...
The Vault · 2026-04-28 12:24:07 · Bloomberg Markets
Avia Solutions Group's bonds have fallen into distressed territory as geopolitical turmoil stemming from the Middle East conflict continues to dampen investor appetite for aviation-sector debt. The development signals mounting pressure on the Lithuanian aviation services provider as broader travel industry uncertainty ...
The Vault · 2026-05-01 22:24:06 · Bloomberg Markets
Deutsche Bank is forcing Hackman Capital Partners, the largest independent studio and soundstage owner in the United States, to divest its Los Angeles-area entertainment properties as commercial real estate values continue to slide and demand for production facilities remains depressed. The development signals mounting...