PODCAST: Where did all the distressed money go?

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

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This latest episode of PEI Media’s Spotlight podcast series looks at distressed opportunities – or, rather, the lack thereof – that have cropped up in the wake of covid-19. While plenty of opportunistic capital has been raised in recent years, much of it at the height of the pandemic, the window for deploying those funds proved surprisingly narrow. Buoyed by government support schemes, many businesses that might have otherwise been acquisition targets have instead been kept afloat.

Andy Thomson, senior editor of affiliate title Private Debt Investor, and Kyle Campbell, senior reporter at affiliate title PERE, ask what this means for the future of distressed debt investment for both real estate and private equity, in a discussion moderated by Chase Collum.