Special situations in today’s default market

The macro environment is providing a rich opportunity set for investors in special situations and distressed debt. And fortunately, our special situations team has seen at least six major default cycles going back to the 1990s. This gives us a huge amount of experience and is useful to look at the current market in the context of previous cycles, including those in the 1990s in Asia, the dot.com bubble, the global financial crisis and the Covid period.