PDI Picks – 2/24/2020

Distress is back in fashion


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Amid a subdued year for private debt fundraising in 2019, distressed debt proved to be a magnet for investors.

Last year saw the lowest level of private debt fundraising since 2014, indicating that the asset class may be losing some of its sheen – or that investors are taking a pause for breath after the record-breaking fundraising year of 2017.