EU insolvency law harmonisation campaign marches on with new directive
LEGAL ANALYSIS: European Parliament signs off new ‘harmonisation’ directive: Relates to five areas, including avoidance actions and ‘pre-packs’

‘London is still London, we’re not done yet’ concludes panel of legal experts – Debtwire Forum Conference Coverage
In-court UK restructurings harder to sell, advisers must consider full range of options; workout professionals must establish how to deal with out-of-the-money creditors and “fairness”

Fund performance – March 2026
Mixed month for CLO funds mars credit’s positive start to 2026

Credit funds at a glance – March 2026
Our roundup of top performers, fundraising and moves in credit

Europe Debt Exchange Report – 3Q25
Debtwire’s Europe Debt Exchange Report provides a comprehensive overview of debt-for-debt and debt-for-equity exchange transactions that have been completed

Altice International fires opening salvo, Maxeda taps advisors
Altice International fired the opening salvo in balance sheet negotiations with a drop-down – dubbed “aggressively sized” by one trader: Europe Distressed Digest

Platinum talks A&E with Biscuit International’s lenders, could subordinate sponsor debt
EXCLUSIVE: Bilateral talks held; Platinum holds EUR 80m notes ranking pari passu with TLB

ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Credit funds at a glance – April 2025
Our roundup of top performers and moves in credit

King Street, Generali Investments launch opportunistic credit fund for affluent Europeans
The fund will offer investments beyond traditional direct lending, offering investors access to corporate and asset-based lending, dislocated public credit, and some distressed situations

Credit hedge funds - February 2025

Tikehau raises EUR 1.2bn for European special opportunities credit
The third vintage fund held a final close, surpassing the fundraising target

King Street launches special situation fund open to individual investors
The asset manager plans for the fund to have around USD 1bn in assets under management.  

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

Credit hedge funds - December 2024
Credit hedge fund performance

Fund performance - December 2024
CLO funds cap off strong 2024 with yet another good month

Polus raises capital from Abu Dhabi Investment Authority for stressed credit
Polus Capital Management secures commitment from Abu Dhabi Investment Authority that takes the firm's special-situtation strategy to USD 5bn

Credit Outlook survey signals rising defaults among small borrowers
Respondents to the latest Credit Outlook survey from the International Association of Credit Portfolio Managers are forecasting rising defaults over coming months

Fund performance
Spire, Prytania and Serone funds enter top 10 dominated by CLOs; Leading fund: Alegra ABS 2

Funds roundup: June 2024
Private credit funds keep getting larger — some reaching billion-dollar status — while demand for niche solutions, such as interval funds and special situations, continues to escalate

Cheyne Capital hires head of origination
Cheyne Capital Management has hired a new managing director, head of origination and trading, for the firm's strategic value credit unit

European credit specialist Sona raises USD 800m, exceeds expectations
European credit specialist Sona Asset Management held a final close of its Capital Solutions II fund

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Bain Capital hires North American head of special situations from Brookfield
Boston-headquartered Bain Capital has hired a partner and head of special situations in North America, as well as head of corporate special situations in Europe