Private Debt Intelligence – 6/6/2022

Distressed debt funds witness dry powder
build-up post Covid-19 recession

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Dry powder for distressed debt globally has been growing over the past decade. In September 2021, dry powder made up 35% of the total distressed debt AUM – higher than its historical 10-year average of 32%. This build-up is likely due to the record capital raised by distressed funds