“Distressed-for-influence” manager targeting credits or companies that may be facing financial stress or distress
The special situations strategy seeks to identify complex situations where our team can directly influence outcomes in order to generate excess returns for our investors.
We primarily seek investments in the upper middle market. We focus on identifying differentiated investments in private markets that are often overlooked. We will invest in instruments at any level of an issuer’s capital structure, targeting a balanced portfolio construction of senior secured and more junior tranches of the capital structure.
Our special situations team actively sources, analyzes, and manages all of our investments across a concentrated portfolio. Downside protection and pricing asymmetry are cornerstones of the team’s investment approach. Our special situations group is supported by the broader BSP platform which provides valuable incremental deal flow and market intelligence. With our recent acquisition of Alcentra, we have capabilities across the US and Europe.