distressed credit

“Other things like stress credit, we'll use Canyon or Bain because we're not going to be able to have that expertise in house”

“My theory, which has proven, but I had no way of proving then, was that this group of managers could get me about 70% of the equity return with half the volatility.”

“So the stress credit opportunity funds, secondaries down the line, I think that there's budding interest going to be growing interest. In those areas as we go forward, but relative impact and weight within member portfolios, traditional buyouts is where the fo…”

“I actually think it'll be slow right now, and right now being the next One to three months, call it. And then I think it's going to ramp up like crazy. One, it'll be a little bit of a backlog. And two, what we were talking about earlier, some of those credit o…”

“We need to have active participation in the distressed credit markets to be able to take control of companies at an earlier stage because they are not being sold in bankruptcies. They're being bought pre-bankruptcy.”

“I've seen the last 10 years as if there is a distressed moment in time, it's a blip. There is so much capital that is just waiting on the sidelines to kind of plow into from dedicated distress managers and their time, the window just opens and closes very quic…”