Market Views: Where distress may arise in Asia
Asia may be weathering the coronavirus pandemic better than its Western counterparts, but it is nonetheless expected to throw up financing and restructuring opportunities.
Distressed debt opportunities are expected to emerge in Asia and beyond as Covid-19 lockdowns push companies into financial difficulty, sparking potential opportunities for asset managers with financing and restructuring expertise.
Oaktree Capital Management, for example, is reportedly looking to raise $15 billion for what would the world's biggest ever distressed fund.
Moreover, a growing number of asset managers – such as Canyon Partners, Cerberus Capital, KKR and MBK Partners…
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