The number of new funds dedicated to investing in troubled companies has fallen off a cliff this year, according to a report from Fitch Ratings, as distressed opportunities have been uninspiring.
- Only seven funds with distressed-debt mandates have been raised this year, according to Prequin data used in the report. More than 20 new funds have appeared on the distressed-investing scene each year since 2010.
- Digging into the fund numbers reveals that the aggregate figures can be misleading -- as is often the case.
- “The number of funds raised for distressed strategies appear to be slowing in 1H19 but, based ...
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