PDI Picks – 3/9/2020

Is this the macro event that will drive distressed?


Download Data

With Covid-19 spreading to more countries around the world, the climate for businesses is changing fast.

Fund managers at the pure end of the distressed market are only happy when it rains, as the song goes. But up until now, it hasn’t been raining.

Given a largely benign scenario since the end of the global financial crisis, many advisors have been wary of pushing limited partners to increase their distressed debt allocations until clear evidence of a downturn emerged.