PDI Picks – 10/28/2019

Distressed debt fundraising figures no longer distressing


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Despite subpar returns from many such funds, the strategy continues to attract LP dollars.

Distressed debt has continued its strong fundraising, with a total of $39.44 billion, or 35 percent, of the $112.69 billion that private credit funds have raised through the first three quarters of the year, according to PDI data.